Bad deal, Sell or rent?

[Jinwon H.]

Back when I had no knowledge at all, I purchased a new house in new development in 2013, and now we are moving to a different state at the end of this year.

The thing is, with the foreclosures and cheaper houses building in my neighborhood, I'm looking at  paying about $20,000 with loan if I'm selling through the agent, and that doesn't even include several repairs I need to make (broken window, peeling linoleum, etc..). None of the houses that are not new are not selling in my neighborhood, except the one that was foreclosed. 

It seems to be much easier to rent in my area.  Most houses rent out within a week of being in the market. If I do rent, I think I can pay for the mortgage and the property manager, but all the repairs and maintenance would have to be paid out of pocket. 

I'm realizing that it's just a bad deal. What should I do? Should I sell and realize the loss all at once?  Should I rent out and  earn some time?