Sell or Rent Condo in Redwood City, CA

[Jane Mipsey]

Hi all, I currently own a 1-bedroom condo in Redwood City, CA that I bought back in 2019 for around $770K. I know what a lot of people are going to say -- that I should have bought a SFH instead somewhere else. I only had money to buy a 1-bed condo at the time, and I had some mental issues to sort through and the SFH within my budget at the time were in areas that was far away from the hopsital I was attending regularly so in short, I bought the condo.

It is in a very good location, close to both 101/280 and the HOA is well-managed, surrounding is very nice and I don't think I will have great difficulty renting out to single/couple tech workers in the future. My question is my salary will likely increase a lot starting from next year -- should I sell this condo and buy a larger SFH along with any cash I have available at that time, or should I continue to own and rent it out and buy a smaller SFH in the future instead? I have done calculations and from lurking from these forums, I know it is very very difficult to have positive cash flow in the Bay Area. Currently I have around 550K in mortgage left.