[photon]

I've got a condo that I could sell for quite a decent amount (EDIT: Thanks Realtor 1 for the estimate!), it's probably doubled in value in the 14 years I've had it (lived in it initially, rent it now). So there's some appeal to selling.

As a rental though it is also great, by FAR my favorite rental place. Cashflows amazing because it was purchased pre-runup. Condo board seems to have its stuff together, low maintenance, rental price means it's far easier to get good tenants, I enjoy renting this place. I'd be fine with keeping it forever and just having the rent be pure income when it is paid off.

So in trying to make a sell/no sell decision, there's probably some factors I'm not familiar with I should probably think about.

Owning a condo long term, does the risk increase? One aspect would be the board and its reserves for dealing with future repairs, how does one go about evaluating that? Or is the prevailing wisdom that owning a condo long term is more risky even with a good board?

I guess I'm asking what kind of things should I be thinking about beyond a simple numbers / market point of view that could influence when to sell.