Rent vs Sell Advice Needed Urgently
Seeking guidance regarding a property in terms of rent vs sell. Current market value is $900,000, purchase price was $880,000 2 years ago. After selling with fee's, take away would be $855K (900k-45K). All in costs are $5100 a month with potential rentability of $4300 a month which would put me at a loss at least 800 a month. Are there any tax benefits of renting where I could make up that 800 monthly loss by renting or the 25K loss by selling (income over 150K annually)? It appears I am at a loss either I sell or rent, any guidance on which is a better path?