I would recommend that you should hold on to your rental property for the time being. Now is a great time for you to refinance your property possibly and purchase another rental property. Think of the Monopoly game. Buy up as many properties that you can afford. This is a strong buyers market but soon, the tide will turn.

Hi Esther,

I would hold on to your property. The market will no go down - it si stabilizing and will stay steady for a while. Take another look 10 yrs from now.

Hope this helps.

Juan Carlos

Esther,
Are the prices declining in the area where your house is. If you see the neighborhood turning to mostly rentals, and people not caring for their yards you may want to sell now. some landlords do not care for their homes and the values do decline.
You can pick up another rental, a HUD owned, a REO, bank owned or distressed sale for another rental in an area that has not declined yet.