Evaluating a deal already done

[Steven Horvath]

I really like this site and have learned a lot from it already. Long story short
bought a hud home in Houston for 82k 1600sqft 4/2/2 30yr old
avrg house goes for 100-108k in the neighborhood
currently owe 79k at 6.25% fixed 30 yr
confident i could realistically sell it for 108k
owe 7k on my credit card that i used for capitol to fix it up. which is my credit limit and crushing my score- which eliminates the possibility of a refinance. However the house is completely renovated.
i pay 790/month for mrtg,ins,tax
200 year HOA dues
i rent it out for 1150/month
Pls keep in mind that i bought this house with among other things, a partner who bailed and left me with few options. Also i had NO real estate knowledge at the time. I am pretty sure it dosent meet up to the 50 % or 2% rule, and I am curious what the members of BP think about my current situation, and all advice/criticism is appriciated.