Hi Peter

I'm a budding newbie investor who l8 last year signed up to the 250k club and along with my father in law am awaiting this years results mentoring 2010 group.
Looking at what you have written, I think it depends on what your trying to achieve out of your investing.
Whats your desired end result and work backwards from there, you need to do your due diligence and work out where this property fits into your investing plan.
for eg. If you were to sell, would this not free up more money and increase your investing kitty allowing you to maybe (looking at Steve's 80/20 LVR) put down two deposits for CF+(Cash Flow positive ) properties or 1 with a bigger deposit making it a CF+ property or possibly allow you to look at different deals depending what your end goal is out of investing.

Anyway I could be way off the mark,just putting in my 2 cents worth.
All the best in what you chose to do and your investing journey.

Cheers.