I've been actively searching for my next rental for a *LONG* time. Long story short, my market got really hot both as an investment location and also is growing rapidly. Great for my existing rentals, not great for my next acquisition. For a number of reasons, I've just purchased a new primary (close in 2 weeks) and I'm really conflicted about what to do with my current SFH. Compared to my multifamily, its just such a small cash flow that I'm having trouble convincing myself its worth it to keep and I should cash out my equity to invest in something else. On the other hand, the market is so high that the equity wouldn't go far toward purchasing a multi or anything else for that matter. Trying to play the mental game and convince myself that if I view both properties together as a portfolio, the numbers make a lot of sense even if the SFH doesn't do a lot on its own. Both my current rental and current primary are on 15 year mortgages with 12.5 years left. If I sold the primary I'd be looking at walking away with about $30k after realtor fees, etc. Keep current primary or sell? I'm also open to the idea of owner financing but don't really know where to start with that - I don't want it to sit empty for long regardless of which route I choose. Appreciate any feedback

Primary

Multi

Combined

PP + Renovations

$116,000

$145,000

$261,000

Expenses

$3,800

$8,900

$12,700

Rent

$16,200

$38,500

$54,700

Net Income

$12,400

$29,600

$42,000

CAP

10.68%

20%

16%

Existing Mortgage amt

$85,000

$95,000

$180,000

PI

$710 (15)

$791 (15)

Annual PI

$8,520

$9,492

$18,012

Net Cash

$3,880

$20,108

$23,988