We bought a house a month ago, should we sell it or try to rent

[Sejin Kim]

Hello, I am just starting studying in real estate. My goal is financial freedom in few years!  Now I don't know what will be wise with my property in current situation.  Any advice will be greatly appreciated. So, my husband I bought a our first property in October. It is 5 bed/3 bath house about 3100sqft with swimming pool. At that time, he was getting a lot of stress and he wanted to buy biggest house under our budget ( So at least, he has beautiful house when he come back from work! ) . We both were making good money so we were prequalified for 1.1M. Anyways, realtor who I found from Craigslist wasn't very helpful to lower the property even though we were only buyer.Anyways, we bought a house at 790K, just 1k lower than listing price, thankfully, appraisal came back with 815K.  Now, my husband has no income. (He is starting his new business and now he is between jobs.) So, now we are only depending on my income.   Because my toddlers sleep with us, we are only using one room. We rented out one room  at 800.  We are paying monthly $5300 including property tax, insurance, and mortgage. Rent helps, however, that is more than half of my income! Luckily, we have no debt besides house mortgage.  I thought about renting our house and then move into apartment, however, if we do that, we will just pay few hundred dollars less so I am not sure if that is good idea.  Can you guys give me any advice? Should I just sell even though we will lose money or rent it out or just stay here and try to spend less money? What do you guys suggest? 

I miss my old town so anyways, sometime, we'll go back to old town anyways.   Thank you