<prompt> Human: 10 months ago, we bought a new house 250K. Our previous home was smaller, older but in a more desirable area. A realtor we spoke to said we could sell it at 225K. We took a loan from my father, which was supposed to be temporary of course, as a down payment on the new home 45K, with the idea wed pay him back when we sold the old house. We currently owe 160K on the old house. 6 months with the original realtor who said we should ask 225K and the sale obviously went nowhere. Wed dropped the price to 199K before that contract ended. We got a new realtor who said we should start the price at 189K. That was 2 months ago, and weve now dropped to 182K. Weve used up a chunk of our savings to repaint the entire old house, and replace all carpet. With all the closing fees and everything else, even if it sells at 182K were walking away with about 3K. My dad has been kind enough to forgive half of the loan, but wed still owe him 22.5K.But were facing a very real possibility of having to bring additional money to the closing, because it seems like this house isnt going to sell even at 182K.So what would rpersonalfinance do? Rent it out? Sell at a loss? My wife and I have the benefit of making pretty good salaries. My yearly salary is 107K, plus an 11 annual bonus. My wife is self-employed and should gross 80-90K this year 70Kish take-home. Weve been handling the 2 mortgage payments fairly well without suffering too much. Our mortgagetaxesinsuranceutilities on the old house is about 1500mo. If the house sells at a loss, we could just forward that money to my dad to pay him back, but thats 15 months of a pretty large expense to pay back. The other option is to rent the house out, give my dad the rent money and in a few years, maybe the housing market will turn around, and well have a little more equity in the house and will be a little more flexible in our ability to sell it. Please give me your advice to get out of this whole weve dug for ourselves.Assistant: What do the comps say your house is worth? If you can rent it for high enough that could be a good option but then youll have the headache of being a landlord.Human: Our first realtor said 229 we started at 225 if memory serves. The second realtor said 189, which is what we started out this second go-round.Weve had 1 couple express interest in the house, but are not yet ready to make an offer. Other than that, zero interest. Weve had maybe 30ish showings in the last 10 months.Assistant: What would it rent for?Human: I have no idea, but if we could rent it for break-even, were at least getting ahead by paying off my dad instead of burning the cash every month. Looking at the houses for rent on Craigslist and other services, seems like we could rent it for our mortgage payment pretty easily.  <response>: I have no ideaWell this is a problem. 