Pure spreadsheet analysis - how much are you saving assuming 3, 4 5 years rental etc - VS how much you will make WORST CASE for this unit (look at similar profiles on offer around you right now to get an idea).It sounds like you're taking this as a pure business decision as opposed to an emotional one ("I want to own where I live!"

From a purely numbers standpoint, selling the condo may be the best option, but since we are talking commissions, should also mention if you sell you will likely pay 5% to the realtors (15K) plus may need to offer another 5K or so closing cost assistance to a potential buyer.If your condo is in a good location that will attract good tenants renting can be an option.

The typical pure wholesaler is Not an "investor", even if they like to call themselves one.  

I bought it as a pure cash flow play, but the monthly rent was 3% and I thought that was acceptable. 

If there is a personal reason you want it, that's one thing, but if it's purely an investment there's likely a better one (i.e. one with equity).  

@Andrew Syrios Right now i'm staying with my mom as long as I can helps with being able to save money to put into this so the house will be purely a rental property.

Out of pure curiousity, why are you lending on unsecured basis versus a secured basis?

One to owner occupy (looking to break as close to even as possible - not cash flow) and the other purely to rent out (cash flow).

purely on cash flow, tax advantages of living here one day with no state income taxes, your thought on appreciation etc.

However, deprecation (taken or allowed, which ever is more) would decrease your basis, increase your gain, and subject you to taxes on the unrecaptured depreciation.If its purely a fix and flip, this is inventory.