crystal ball for Austin 78748 in 5-7rs is awesome!
You said it yourself though, you don't enjoy managing this liability from afar. And yes, if it is not cash flowing for you, it is a liability. It becomes an asset to you once it cash flows.
Its common to see people "investing in real estate" backwards.
Anyhow, that's a whole other conversation. But, you are where you are with this one, so if you can continue to stand the weight on your mind, then yes, I'd hold out for 5-7 yrs.
If its just not that fun for you, then I know San Diego is the time right now, so go ahead and pull out here while it's easy and move your funds to a closer investment (of which you should be buying at a distressed market price.
Sounds like you did a 3/1 arm (or 5/1 arm) here on this property in Austin, and maybe even with zero down?
For the home not to cash flow yet, the fundamentals simply weren't in place to call it an "investment". This home you bought here is the type of home you hang on to for 20/30 years in order to make it a real investment.
in the future, I recommend flipping homes if you prefer short scheduled returns. Do your homework on flips to though, so you know exactly how to buy the home "right", how to fix the home for profit "right", and how to sell the home "right". Otherwise, a flip house can eat your lunch too!
Good luck out there!
Oh, and my recommendation....
Go ahead and cash out and enjoy your life out there in San Diego. Yo ucan find the same low cash flow/long term investment out there in SD. (even though I recommmend changing your strategy)