Sell or rent trailer house

[Ben D.]

Hey everyone. I recently bought a foreclosed mobile home for $27000 with .5 acres of land. I leveraged a line of credit paying about 7 or 8 percent interest to buy the whole thing. The question is whether I want to do a quick sell and get 23k after taxes and paying back the line of credit. 

Or keep it and rent for about 700-800 monthly after property management fees. Renting it will take about 8 years to repay the line of credit and gain what i would earn selling right now.

Selling seems the obvious answer but I appreciate any feedback.