Selling after a year or renting

[/u/rachellynnsilver]

We bought a new build last year and since then the market in our area has dipped (Austin,TX). My husband just got a new job and he is commuting over an hour to work, so we are considering moving closer. If we sell our house we would probably lose our down payment and closing costs. Possibly around $30,000. We could also rent it, but it wouldn’t cover our mortgage. We have a $2600 mortgage payment, and could probably rent it for $2300/$2400. This is our first home and we are fairly new to this. We are leaning towards renting it out and taking that loss each month but holding on to the property. Can anyone more experienced speak into this? Are there things we aren’t considering? Any helps/tips would be appreciated.

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Selling after a year or renting
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