Keep or sell?

[Jeremy Lewis]

I have a property in another state which is losing money. This was a primary residence I bought just before the market crash in 2007. Right now I'm renting it out and after I pay the property manager I'm losing $400 a month. The other option is to sell at a loss of probably around $15K. Do I hold this property which will eventually turn around or sell and move on? The property was built in 2004 in a B+ neighborhood.