Do I sell or continue renting my property out?

[Nataliya Isupova]

I'm new to real estate investment scene, educating myself on multiple subjects, mainly on flipping houses at the moment.
I need advise on my 1-bedroom rental property in Gunbarrel/Boulder, CO, which I bought last year. I bought it for myself to live in but due to some circumstances I had to rent it out. At the moment, I'm losing about a hundred a month on it, which makes me think if I should sell it next summer when the current lease with my tenant is over or if I should keep it as rental for now and sell in a few years with a profit (hopefully).

Here are a few things to consider:

- I can potentially break even on this rental if and when I refinance (not taking rental expenses into consideration though, just the mortgage could be covered by the rental income)

- There is a proposed apartment community to be built right across the street from my condo - twelve 3-story buildings of studio and 1 and 2-bedroom apartments, with 25% of them being set aside as affordable housing. I'm not sure if any of those apartments will be for sale, but my understanding that they will all be rentals. I wonder how this project will influence the value of my condo if I decide to sell it, and how it will influence my ability to continue to rent my condo out if I decide to continue to rent it out.

I would appreciate any advice on this matter!