<prompt> Human: Backstory: Purchased a home with a first time homeowner FHA loan 3.5 down in 2013. Mortgage payments, including insurance and PMI, are 550 per month. After settlement costs, we have yet to reach even 1 equity in the house. Disaster: My wife lost her job in a very specialized field along with about 40 of her earning power. She has an offer for the same salary she was making before, only the position is all the way across the country.Dilemma: Even if we could quickly sell the home we are in which is not likely... market sucks and the house is so-so, we dont have the 10,000 necessary to satisfy the mortgage after closing costs in order to extricate ourselves from the loan. Even if we did rent it out and move, we would barely break even after the more expensive rental property insurance and the income taxes on the rental proceeds - which also makes hiring a property manager for a 30 commission completely unfeasible. Beyond that issue, I hate the idea of taking on all of the risk associated with being a landlord and having to manage the rental from 1500 miles away. If the water heater blows up, roof falls apart or a tenant needs to be evicted - we wont have the cash to fix the issue let alone take time off work, jump on a plane and deal with it. We feel so trapped! My wife thinks that we can afford to rent in the new city while continuing to make the mortgage payments on an empty house - but that is so damn wasteful - pretty much putting us back at square one financially speaking. I am at a loss, Reddit. Ideas? Suggestions?  <response>: Purchased a home with a first time homeowner FHA loan 3.5 down in 2013.Thats the risk you take with a minimal down payment and a quick move-out. I know its beyond your control that this happened, but your options are pretty much a have your SO find a local job that can make ends meet until you can get in a position to sell the house or b rent the house to someone you trust but this is incredibly difficult to do because youre mixing friendship and business which to me is something i would never do. 