New investor needs advice

[Jonathan Byrum]

Hello Bigger Pockets peeps. I am a newer investor with 1 investment property I married into. The current tenant is scheduled to move out soon and I have some questions as to what to do with the unit. Here are the specifics:

1. 2 bed 2 bath townhouse

2. Current mortgage balance of $105,000

3. Current market value of $132,000

4. Current mortgage of $900 per month

*mortgage is based of a purchase price of $125,000 10 years ago.

5. Monthly HOA of $165

6. Market rent of $1,000 a month

Right now we are loosing money on it every month, have been since we got married. Do we refinance to lower the monthly payement to actually turn a profit and keep the unit? Or do we sell now, and take the equity to reinvest in something that will cash flow better?

Thoughts?