To sell my condo or not

[Cesar Sagastume]

i have been in a tough financial state starting 2025. i committed to a bad fix and flip and lost tens of thousands of dollars. Hit my mental and financial stems hard. as an agent, YTD 2025 was less than $40k. Running 3 rental properties and my current household, throughout 2025 i had to blow through a mixture of savings and reserves and use rental income to survive. its long story, but i have recently experienced a situation with my sfh rental needed a $6k hvac system, all slapped on a credit card with 24 month 0% interest. the net income is only $100 on that one. the other two rentals are condos. the one condo an hour away, the tenant passed away and now sits vacant. the second condo is 15 mins away, its a studio with low hoa and $1100 in rent with $195 HOA fee $1100 annual taxes and now worth $100k and i purchased it for $70k 3 years ago. That being said with low reserves and low savings, i have listed my second condo for sell which is also on a land lease. easier to sell while its vacant, i hope to cash out $65k. both condo's i own outright, the sfh i don't. Am i doing the right thing for me and my family ?

[Frank Pyle]

Given where you are on reserves, selling one of the condos to rebuild a real cash cushion sounds reasonable, especially since the SFH is barely cash flowing and you just took on that HVAC balance. The main thing is you do not want to be forced into more credit card fixes or a fire sale later, so getting liquid and lowering headaches is a solid move. Before you lock it in, run the condo like a business and compare the true net after HOA, taxes, insurance, any land lease payments, vacancy, and future special assessments against what that 65k could do for you in reserves or paying down higher stress debt. Also make sure you are pricing in how hard land lease units can be to sell and finance, because that can change your timeline and net.