Should I sell and kinda feel like I’m giving up

[Ian Hutton]

I purchased a home for 105k three years ago (now worth 130)  with my dad. We went half on it, we put down 25k together, house rents for 1870. Cash flow of 270 each after pm is paid for. Here’s my problem 

The first tenet we had in this area paid for the first 2 months then stopped, we got him evicted but not until 1 year later then found 11k worth of property damage. (We did get 9 months of back pay though) 

Now we’re on our 2nd tenet. They have been paying in full for 9 months but past 3 months they have been late. This month there 30 days late (they pay biweekly) we’ve received enough to cover mortgage but not full amount yet. But this still means they will be more than lately late for next month. 

Idk I feel like the house data wise and cash flow makes sense, but we’ve had bad tenets and idk if the 3rd will be any better. (Crime wise and average household income in area is good) but still we’ve had bad luck sofar 

If I sell well net maybe around 15k each of course I could save up and use that as a down payment for another house and try again. But idk what to do what do you think? 

[Ned Carey]

I won't comment on whether it makes sense to sell this property. 

I will say that selling a bad deal is not the same as giving up. Getting rid of lesser deals to clear up headaches takes more courage than most people have. It is easy to look at it as a failure but it is actually moving forward.