Potential First Rental

[Michael Feeley]

Hello Everyone,

We are about to sell our home to Opendoor but I am wondering if we should hold and rent it out. The math says we will lose $200-$400 a month. I am considering it as we have only been here a year and I would need to pay capital gains. Should I:

1. 1. Hold and Rent waiting to sell in a year or two at our current 7% appreciation rate?
2. 2. Sell and despite capital gains, sell and make a decent profit on a home we do not like?
3. 3. Refinance at an appraised value $125k about the current owned amount? Rent and use funds to invest.
   

Thank you so much for your assistance.

Mike