First time homeowner looking to get into relabut facing a dilemma

[LeOla Fletcher]

Hello everyone,

This is my first property bought April of 22 @342,000 w/a 3.7% interest rate. I owe $320,798.76. Estimated value is about $404,379 but may not be accurate(it’s the amt that shows on my mortgage companies app). A home next door to mine is on market for $399,000 very similar to mine, just bigger. 3/1 renovated about 1300sqft. Mine is 3/1 renovated(paid for by me) & 1020 sqft.

I am currently 2months behind on my mortgage. Payment is $2332.48. I have listed my house for rent for $2400 trying to get a section 8 tenant because of the guaranteed money from the state but willing to lower that amount if need be. I am ok w/having to also pay a few hundred dollars to cover my mortgage if I can’t get $2400 monthly for it. I only listed it at that amount because $2460 is the most I can ask for in rent w/section8. 

My question is, is it a good idea to try to rent the property or should I try to sell it? I want to get into real estate investing. So, renting out my property seems like a good start. However, because I am behind on my mortgage, I am not sure if it’s a good idea. Any advice on this matter is greatly appreciated.