Rent or sell

[Scott Buchholz]

I have 11 years left on 15 year mortgage of primary residence turned rental. PITI is 1,500. Potential rent is 1,600-1,800. After I factor in capx, vacancy, etc. I'm negative cash flow. But factoring in tax savings and principal pay down at a nice click w only 11 yrs left on mortgage I like the idea of holding onto it as rental and becoming very nice passive income in 11 years. I'm torn on whether I should: 1. rent as is 2. Refi into 20 or 30 yr to rent w positive cash flow 3. sell and put funds into A. Pay down of primary residence (recently purchased larger home as I sent from family of 4 to 6 and needed more room) ...or B. Funds into savings and investments Other allocable info... Neighborhood is in fast growing area....great schools, parks, low taxes, etc. n'hood is on the more affordable end of county and city. If I sold today I'd likely net 65-75k after commission, mortgage pay off but before taxes. Lived in this house as primary residence for 3+ years before moving out less than year ago (needed bigger house w growing family) and currently renting the house to family which plans to buy their own house 6-12 months from now. Would appreciate any and all thoughts