Sell or keep

[Khurram Mirza]

Looking for an opinion on wether to keep or sell a house. We own a 1911 single family rental in a quaint country village 30 minutes from the city. After 2 years of renting it out we tried selling it to make our money back at no profit but not selling at that price over the summer ($500k), we bought it at $380k and put in $100k of reno's. We recently discovered mold showing up in the basement walls. After removing the mold risk and opening the walls we found moisture coming through the foundation showing improper foundation work done over time, including wood foundation being used in the rear. Do not want to put anymore capital such as a $140k cost of foundation further putting us in the red so considering selling this money pit as is or holding on for creative ways to make this house profitable. A basement unit cost would be an additional $150k , so potentially need $300k to make it two doors. Feel like we shouldn't be losing in property nowadays.