Determine if I should sell or rent property
I own a small lot that has a Mobile home on it. Its paid for.
It was rented for $650 month but is now vacant. It needs approximately $6k of work done to it and a new survey for $1800. If I do the work, I could rent it for around $850-900 a month.
I was told by a realtor I could sell it as is for around $65k. I would have to pay for some legal expenses for deed work, etc and relator fee so,I would net around $55k .
trying to determine what makes most long term financial sense.