Quick question about when to cut your losses

[Peggy Curtis]

I have a rental in Oregon, and so far we have never seen a profit, at all. The rent doesn't cover the montly payment, but we have incredible renters that always pay, always do the work, keep it nice and have been in it 4+ years with no sign of leaving.

I personally would like to sell because I feel like it is a time bomb, that will have tons of repairs, eventually. But, the money we "lose" ends up allowing us to have great tax advantages.

I know this all ties into depreciation, as well... plus the renters are really paying for our mortgage, but I just can't think clear enough to find out if we should not have this property anymore.

I could be rambling, but I really need someone to help me make sense of this. Thanks!