Convince me to sell my rental
Long time lurker, seeking advice. Quick numbers: 39m w/ 2 kids (3 & 6) in MCOL. Investments ~$3 million ($1.2 401k/IRA mix of roth and pre tax, $1.8 brokerage). Targeting GregFire ($5 million). HHI ~$500k.
I have a rental that I keep out of laziness. Mortgage is ~$200k @ 3.6% rate w/ estimated market value of $400k. Pay a property management company 7% to take rent and help when something goes wrong. Have replaced every appliance and about to replace the AC/Heating (~20 years old). HOA has gone up by $100 since buying a decade ago to ~$350. Craftmanship of the building isn't great (~2006) and has had constant issues with leaking and other issues. If nothing goes wrong in a year I make ~$4k cashflow + $6k principle. Thing is, there's always an issue...
Logic says to sell. I'm just really lazy and don't want to deal with getting the tenants out, getting it listed, and hoping it sells. Put me out of my misery please.