Sometimes it is worth hanging on and then there is times you just move on and make more money somewhere else.

Just remember not to put all your nest eggs in one basket.

Hang it up in the contractor parking lot.Don't fool around with deposits.I've rented to 2500 refinery contractors in the last 10 years.

Even if you make a mistake, just hang on and time will likely erase that mistake.Proverbs 9:10 The fear of the Lord is the beginning of wisdom.

"if you hang around the barbershop long enough you'll get a haircut" ..

Hang out and see what these interest rates do over time. 

All summer break instead of hanging with friends or what not I was in job sites.

You've got about $44,000 in equity and you're cash flowing around $400 per month (I'm assuming some repairs/maintenance/vacancy).This means you're getting a return of over 10% on your money right now by hanging onto this property and renting it out.As the other posters have said, probably best to hold this one as a rental unless you think you can do better than 10% with another property.

@Christian Francois, to give you a cost breakdown on how much it is to obtain a license and hang it with a brokerage; ~$300 for the real estate course, ~$200 for State and National Exam, ~$150 for the Real Estate Commission to activate your license, ~$500 annually for NAR membership, $X per month MLS fee, $X per month in broker fees, commission split with the brokerage (80/20, 70/30, 60/40), etc.

My understanding is that here in California, a broker's license permits an individual to operate independently without having to hang their license/be affiliated with another brokerage firm.