Hello Anne, I think you may have mis-classified this question to Brooklyn NY, I see you are in Brooklyn, Ohio I think you would be much more successful with an Ohio agent.

I'm a little confused because your question is all over the place. I think you want to rent where you own because it's to far from work and rent somewhere else where it's closer to work.

Many people rent where they own and live somewhere else. But I have a problem with this scenario because you bought property to invest and to build equity to hopefully make a profit in the end. I feel you are throwing away money renting and owning at the same time.

If you get into a lease with one apartment and say the new tenant doesn't pay the rent, has to move out for whatever reason, how will you manage financially? Hold on to your investment as long as you can afford it, it's not good to add on to the problem by renting from someone else.

If anything, I would suggest that you go and live with your parents for awhile if they are close by and then rent out your condo. This way, you can save on one end and gain on the other, that's how you manage an investment.

If the above isn't an option then you may want to sell take the loss and rent somewhere cheap until you can build up your savings to buy another time.

You're in a tricky situation but if you do the numbers you will have your answer.

Anne,
Stay put!!!!!!!!!!!!! Pay the mortgage and deal with the little bit than longer commute.....

There is a another worst case scenario which you have not given thought to. What if you rented the unit out, and someone stopped paying the rent. A deadbeat. You would have to shoulder a whole lot more then lost rent, included court cost, and lawers fee's. Without a cushion, I would not venture into the 'Rental World'