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Seeking home selling advice

I bought a studio condo with a view of the Mercedes Benz stadium in midtown Atlanta around 1.5 years ago as a temporary home. Now I am looking to move to a suburb of Atlanta and buy or rent a single family home. Here is my dilemma. How do I even profit or break even? I paid $28,000 down payment on a $367,000 property and have paid around $45,000 in interest and principal. I don’t know who would pay for a studio in the 380-400k range. I can’t rent it out because I don’t have a leasing permit and my building management has been buying leasing permits from residents for double the price, around 20k each so if I were to buy a leasing permit it would have to be way above 20k and if I were able to obtain it I would have to list the condo for rent for around $2800 a month to break even, at that price though who would pay for a studio? Am seeking advice, other than to hold the property because that’s what it looks like I’ll be doing at this point.

submitted by /u/AlanDank
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source https://www.reddit.com/r/RealEstate/comments/18ec78x/seeking_home_selling_advice/
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