I have a Rowhome in Philadelphia that I’ve rented out before (owned since 2003). After my last tenants moved out, I renovated the place with about $10k in upgrades, with intentions to sell the property. We’ve been on the market for about 2.5 months, and there has been a lot more inventory to come onto the market; and frankly little activity (even after lowering prices)…
My mortgage is $1,200 /month, and the expected rent would be maybe net +/- $200 per month.
On the other hand, I could sacrifice $20K in equity and price it lower than the market to see if it sells.
I would really appreciate your honest opinion on what should be done. :help