<prompt> Human: A little background, I live in Denver and moving to New Mexicohouses way cheaper. I am currently making 70k and my new job starts at 90k but in a different state. I just bought a condo a year ago and owe 170k using the first time home buyer program. I need to decide whether to sell it or try to rent it out. The condos in my complex with the same sq ft are selling at about 190k, thats about 14000 more than I paid a year ago.My total mortgage plus HOA is 1380. 3 bedroom condos are going for 1500-1600. Basically what are the implications of selling early with the first time buyer program VS trying to rent it out. Keep in mind Ill be making 20 grand more a year and can buy a house for about 1000 a month.Assistant: Well, you wont make much money if you sell it. Real estate agents fees will be 6 maybe you can negotiate down to 5, so that is going to be 9,500-11,400. Your gain on the sale will be circa 2,500-4,500, and you are going to pay tax on that.On the other hand, renting it out while being an absentee landlord has its own set of hassles and costs. You will probably have to employ a property manager, who will charge 10 of rents, or maybe more. So you are unlikely to cash flow positive, certainly not after you take maintenance and voids into account.On the other hand, the value of the condo seems to have gone up almost 8 over the last year. If it keeps going up at that rate, the return on the circa 21k equity you currently have in it is about 67. If you think it is going to keep going up in value pretty rapidly, I might try renting it for a few years and see how it goes.Otherwise, sell it. It will be a lot less hassle.Good luck.Human: I really want to keep it and not take a loss. One option I have been thinking about is just rent In New Mexico and continue making my mortgage payment. I only need 10k to meet my 20 equity and besides my mortgage I dont have any debt and live pretty frugal. I imagine I can pay that in 4 months. I would much rather own in Denver market than New Mexico right now.  <response>: So, rent it out then. Find a good property manager. See how it goes for the first 2 years, then re-visit the decision after you have some experience.Good luck. 