Sell or keep income producing duplex

[Tiffany Palaskas]

Hi, I currently own a duplex in Puyallup WA. We recently moved to TN and have both sides rented. We profit about $1200 a month from both units. My question is, is it wise for me to sell it and profit $150-200k after owning it for 4.5 years and invest where I currently live? Or should I keep tenants in units and once they move out turn it into midterm rentals for traveling nurses, etc? 

The property is in a great location,  close to stores, restaurants, fair grounds, freeway access, and less than a mile from hospital. Each unit is 3bd/1.75ba, single car garage and fully fenced backyard. 

Any advice would be helpful. We want to build our portfolio. Just trying to see what is the best option. 

Thanks, 

Tiffany Palaskas

[Caleb Brown]

If you don't need the equity/cash I would keep. If MTR is a good strategy you will further increase your cashflow. Just make sure the management part is taken care of. That would be the biggest pain point when moving. If you do sell I would do a 1031 exchange