<prompt> Human: Hey everyone,I am in a bit of a dilemma and wanted some advice from you all. I currently have a house in another state We are on the west coast if that matters that I am renting out to a family member. At the moment I have a net loss of about 80month after rent, HOA, property taxes, etc. I recently lost my job and was thankfully able to find another one soon after. However, I went from about 160kyear to about 105kyear. This drastic decrease has affected my wife and I financially. She is in her last year of medical school and will be applying to residencies next year. She will get a decent salary when that happens 55-60kyr, but is hoping to use it on her student loans She will have about 180k total. I, however, have 2 student loans from school one undergraduate at around 60k and a graduate loan at about 140k. Total I pay about 2125 600 on one and 1525 on the other a month on those. The reason for this post is that due to recent change in job status, I am taking quite a hit every month financially. While I do have a decent savings right now About 24k savings in the bank, I am budgeted to lose about 1500month. We have budgeted the best we could with food, rent, expenses, etc., but this is our current situation. We dont want to plan too many changes i.e. moving to a smaller place, as my wife is finishing soon and we will have to move to a new place once she starts residency likely another state. An option that came up was to sell my house. I havent done all of the math but the numbers suggest that I could make about 185-200k profit on the house before taxes. I would most likely have to pay capital gains as I havent lived there in 2 of the past 5 years. I believe for my income it would be 1537;. I dont know of any other taxes that I would have to pay Please help here if anyone knows. I could use the profit to pay off my big graduate loan of 140k which would help decrease my stress and financial burden, but wanted to get some input from people here. I know a lot of people say to hold on to investments such as property so I could use it in the future for a down payment, but the fact that I am taking a loss every month on rent and due to my decrease in salary makes the situation a bit trickier. Also, for what its worth, the family member living there does have another property that they could move in to.I appreciate any input. Thank you!!Edit: I appreciate the input from you all so far! If anyone else has anything to add thatd be great!  <response>: At the moment I have a net loss of about 80month after rent, HOA, property taxes, etc.The rest of your situation is irrelevant here: SELL THAT HOUSE.Its nice that that also is good advice to help your current situation, but even if that wasnt the case, the place needs to go. 