Sell or rent house for PCS (negative cash flow)
Currently in a pickle with my house. I have been living in my house for 2 years now and I was tagged with an oconus PCS I was not expecting. I haven’t built enough equity in the house so if I sell the house as is, it would cost me ~13k out of pocket to close. If I rent it out, after property manager fees, I would be paying close to 450$ a month to rent it out and pay my mortgage.
Although it hurts, I can pay the closing cost for the house since I do not want to short sale the house, but realistically speaking, I won’t be coming back to this house for +3 years. No other debt other than the mortgage.
Should I sell the house to get it over with or rent it out at a deficit until I built enough equity?