Keep or sell this property?

[Roy Gottesdiener]

I currently own a portfolio of 6 SFH, of which there is one that I bought a year ago and it's been a pain to deal with.

After my rehab it had squatters which took around 5 months to evict, then it had to go another smaller rehab and it's still vacant despite lowering the price to the min I can live with.

I do have equity in the deal but with the prepayment penalty on its mortgage it won't be enough and I'll end up with a loss (around 5k) if I sell now, on the other hand I have a loan to pay so it's costing me money each month to hold it.

Would you take the loss to get rid of the headache or grind through a couple of years to be able to sell it without a loss?

[Roy Gottesdiener]

@Todd Rasmussen it got appraised at 116k and has a mortgage of 87k, penalty for 5 years. I haven't thought about a wraparound but that might actually be a great idea as I have a low rate locked