My first house is a bad deal. Should I sell or keep it?

[Justin Bautista]

A year ago from today, I bought my first house. It’s in a great neighborhood, upscale with golf courses. However it’s too expensive. If I were to rent it out to its market value, I would lose money every month from all the expenses. Plus, everything is breaking down. I just repaired the furnace, but it will need to be replaced in a few years. The roof will be due in a few years. The water heater is about done, and so are the washer, dryer, and kitchen appliances.

I fee like I’ve messed up and didn’t do proper research before I bought the house. What do you think I should do? I’m leaning towards selling it, save up again, and trying again with another property.