To sell or not to sell?

[Radu Bordea]

Greetings, I have been a long time lurker on this platform and I want to first thank you all who share your time and knowledge on this site. I purchased my primary house at age 23 five years ago next month. The house was previously a foreclosure and the purchase price was $84,000 for a 2500sq living space built in 2001. I got a 3.7% 30 year FHA loan with 3.5 down. Before moving in I put another 7k-10k in upgrades like hardwood floors throughout, granite and upgraded the bathrooms. Most of the work was done by myself and other family members (my father had owned a flooring business years ago.) The current balance on the loan is around 70k and I am eligible to have the PMI removed in September if I pay the loan down to 66k (current monthly payments are about $720). Houses in the neighborhood now sell around 180k-210k with less upgrades than mine. Rents are from $1500 to $1700. I have entertained the idea of selling but I have not had a meaningful w2 income over the last 1.5 years and would have a hard time in qualifying for another loan. I am a single guy and now have the chance to move in with family without paying any rent.