Sell or rent my off-shore apartment

[Mohammad Kotb]

Hey, I'm newbie in real estate investment starting with my first property and will close soon in October. After starting learning about real estate and reading plenty of books, I started to think about my current apartment that I own 100% in Egypt. Here is the short story with numbers: In 2013, I bought this apartment and did all renovations and I paid total about $55k on everything, that's when 1 USD = 7 EGP. In 2015 or 2016, 1 USD = 18 EGP. That apartment was mainly for personal use, but that was lack of planning and it ended up that I haven't used it except just for 4 weeks in 5 years. Now when I asked realtors about the current value, it would be around $20k. And if I rented the apartment it would get about $1.5k per year (net). So what should I do? 1. Sell and realize the $35k loss? Is that will get me any tax Deductions here? 2. Rent? And just for the hope the price could go up, and in case I travel to visit family to Egypt use the trip as business trip to check on the property? (I don't travel much tho, once a year or less). Thanks!