Is my current home a bad deal?

[Justin Michael Johnson]

Just closed on a home in December. This was before I knew anything about real estate investing and just wanted a nice rental. Well to me at the time it was just a nice home in a nice neighborhood. Now that I have actually pursued education in this field, I feel I know what needs to be done to get started. 

Bought this home with a VA loan, appraised at market value. 1600 sq. ft in Tucson for $225K. 2 Story, 3 bed 2 bath upstairs is a master suite. My stand on it is that I should just sell. I would have to dump $20-30K of money in it to maybe make $5K in return. So an increase in equity doesn't seem like the route to go.

I also am not seeing much profit renting. Mortgage is around $1400 so Id be lucky to make $150 positive cash flow, so by the time a year rolls around if I even have one month of vacancy there goes all of my potential profit. 

Just trying to get some input on my situation. I am also married and may be considering house hacking if we can ditch this property. Thank you for your input!!