Sell it now, net gain about $40-$60K after taxes, commissions, listing price, etcTo properly and adequately answer this question, one would need to know your strategy and goals.Strategy A is based on cash flow to support living expenses.Strategy B is long term wealth building - appreciation (market and forced) combined with principle pay down, depreciation, etc.If you strategy is A, then you should sell as this will not turn out positive for several years down the road (unless you utilize some sort of house hack play, vacation rental to increase income, or any combo of increasing income and reducing operating expenses - which by the way you skipped a lot of those in your analysis so your negative monthly cash flow is actually greater than you explained.)If your strategy is B, then by all means keep it and enjoy the likely future appreciation, amortization and depreciation deductions to offset your actual loss each month until the unit goes cash flow positive.

Since there is so much content at your disposal, it can be a bit overwhelming at first, so here are six key actionable items that you should take utilizing BP.

Mailing addresses and utilities aside.

Things like repairs, property insurance, property taxes, HOA dues, utilities, mortgage insurance, etc. 

Do you have per diem costs for taxes and utilities? 

If anyone could help guide me I'd really appreciate it.Currently living in Long Island, NY paying $850 (utilities included) for a nice private upstairs in a middle aged married couple's house.

Taxes and Utilities were pulled from the county and city websites. 

She has been receiving mail there and has put the cable bill in her name, but not the other utilities. 

You can do the same for hiring marketing team members, who can help you place content online to attract investors.When it comes to acquisitions, partnering with other sponsors on deals is a great way to gain real experience and quickly build a reputation for your firm to grow and scale accordingly.Finally, investors should be utilizing technology to automate day to day processes and free up time; Mailchimp is a cheap and useful tool for investor relations communications, HubSpot is a free CRM database that can help you stay in touch with investors, and AirTable is great for company project management and assignment tracking.Do you have any other tips or insights to making the transition?

@David White another thing to consider is adding an acquisition fee (2-3% of acquisition price) for finding the property or an ongoing "management fee" (2-5%) for the person(s) managing everything associated with the property (e.g. managing property managers, contractors, paying utilities, paying taxes, legal, etc.)