Sell or Rent Long term rental

My Overall portfolio:

1 - multi family with 4 units grossing 5,000 per month. Mortgage balance 230k. Value - $650k

1- single family (3bd/1.5 bth)- rent: 1450 per month. Mortgage balance 45k, value 230k

1 - single family (3bd/2bth) - rent: 1425 per month. Mortgage balance 30k, value 250k

1 - single family (3bd, 2.5bth)- rent: currently vacant but will increase rent to $1700. Mortgage balance 35k. Value 250k

Real estate accounts for 65% of my wealth portfolio with investment accounts at 34%. Annually, I gross around $110k from my real estate holdings

I’m now considering whether I should sell the vacant home or maybe consider converting into a short term rental. I recently completed a refresh on the home and if we could get the 250k sales price - I could walk away with close to 200k to reinvest or pay off other mortgages. Curious to hear thoughts on this approach.

I’m 40, have a full time W-2 Job, not retiring anytime soon, getting married soon. I’ve owned this home since 2012 so thinking about if it’s time to exit.

Posted May 28, 2026, 10:50 AM UTC

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