Nearing End of First Flip - Thoughts?

[Todd English]

SO, my wife and I began our venture into investment real estate approximately 2 years ago with a buy and hold strategy.  We decided this year to do our first flip.  We bought it for $114,500, put about $50-55k into the rehab, just listed it for sale at $199k, then reduced it last week to be more in line with price per square foot to $189k, less realtor selling commissions and closing fees we'll end up not that great - about $7k in the black, then we'll pay taxes on it leaving us with even less.  It's been on the market for about 2 weeks with decent traffic.  We were able to purchase with cash, lines of credit and money from family.  We're getting pressure from family to get rid of it and get them paid back.  I'm considering holding it as a rental until the Spring when the market picks back up.  My concern with that is, that we'll end up putting more time and money into it in the Spring. 

Is it better to keep the family at bay and stay the course for a sale or should I entertain renting it for the next 6-9 months (assuming I can find a qualified tenant willing to do a shorter term)?  Any thoughts or suggestions welcome.  Thanks in advance!