SFH, I bought it almost 5 years ago (Dec 2021) & since then have made $20K in capital improvements. I didn't intend to be a landlord, I bought the house as my primary. After a year living there circumstances had me permanently move away to a different area. Its been a rental for about last four years. Surprisingly no tenant issues, it's been smooth sailing.

But here are the downsides:

In a city that has no growth & property values either stay the same or go down - so no hope of appreciation.

Taxes & insurance combined go up about $1000 per year & keep climbing. Insurance is sky high anyway because it's in a hurricane zone ( it's 3x the amount of my primary homeowners insurance which is inland 2 hours north & not in hurricane zone-- for comparison). BTW the taxes & insurance are 35% of my mortgage payment. I would be surprised if they keep climbing & reach 50%. I don't know how the assessor gets away with increasing property values every year when all sales data  is way below their assessments.

Home is aging so it's more upkeep ( since I've owned it I put in new flooring, new roof, new appliances, new water heater, new windows, fixed dropping & aging fence).

so basically costs continue to climb but home values doesn't move. In this market is worth pretty much what I bought it for 5 years ago. I have gained nothing.

i don't see any upside to owning it long-term. Are there any reasons I might be missing to keep it?

I'm seriously thinking of selling it soon. But it's a big decision so try to get perspective.