How Should I Handle This Situation? Sell vs. Rent out

[Kenneth Peagler]

In 2014 I inherited a property that was purchased for $38k 20 years ago in Pittsburgh, PA. The house needs some work but its market value is around $100k and the ARV is around $180k. Great location. As I look at the numbers, I don't know if I should take time/energy to renovate it or sell it and move on.

Rents in that area around $1200/m after renovations but when I look at the math, $14k per year in rental income with about $8k a year in taxes and insurances (not even mentioning maintenance), which doesn't seem too profitable.  

1. Would you sell this property or keep it as a rental property?

2. Although I have a lot of equity, I'm in the middle of repairing credit - which limits HELOCs and home refinancing - is there an alternative financing that would make sense?

3. Is there anything else that I should consider?

Any assistance would be greatly appreciated.