Help! Rent vs Sell

[Rose Frantz]

I purchased a 2 bed/2 bath condo in a popular high end area for 200K and renovated it (20K). My relator thinks I can sell it for $270. I initially planned to rent it out for a few yrs but I've had it available for rent for 2 months and am just not finding a good candidate. I had about 10 applications with awful backgrounds/ credit checks/ etc. Maybe 3 were good and one applied and is ready to move in. Now in considering selling because I don't want to run into the same problem next year and the year after. The time between tenants, cost of new paint anything that needs fixed will add up. I was also thinking if I rent it for a yr and sell it next year it will not be worth as much since everything is newly renovated now. Anyone have any input on this? I really appreciate the help!