Sale at a $50k loss at purchase price or in repairs? In a -$100k hole

[Mark Brown]

Long story short I purchased a home in an overinflated environment for $500k. I got the 5% downpayment from a HELOC.

The mortgage and hold cost is a lot for me (over $4k). 

I struggled with getting property manager since I'm remote and low-renting tenants. It's a multifamily.

Even with perfect rents I'd be at a cashflow deficit of about $1500 a month. I didn't get my disclosure on final monthly PITI until 1 week before closing so I was well pass due diligence.

I decided to list the house. Now that I'm showing it people are complaining about it's condition. Which is better in my situation - doing repairs myself (possibly $50k) and increase the likelihood of selling (not incurring holding cost of interest on HELOC and PITI on 30 yr/mortgage). Or do I reduce the listing price by $50k? Either way I've loss close to $50k already in holding cost, fees, and withdrawal from HELOC for downpayment.

The problem is I could list for $50k lower and still not get offers in its current condition. I have 0% equity since I just got the home.