Sell or keep renting?

[Mark Fitzpatrick]

I own a condo in Myrtle Beach, SC that is valued at about $150,000 to $165,000 according to my realtor. I currently rent it for $900 to a tenant who has been there for 4 years. I owe $50,000 on the condo. Originally bought it for $70,000 in 2012. Mortgage is $300 a month. HOA is $320 a month. I put flooring in during 2021. New HVAC in 2 years ago. The plan was to eventually rehab the kitchen and baths. They are original.

Should I raise the rent to $1,000 a month and keep the tenant in there? Hopefully keep renting it for many years to come.

Should I sell it? If so what to do with the money?

I am a newbie. I bought the condo then moved to a different city so I rented it out.