It will be a matter of an individual's choice--if you need to sell, no reason not to list it on the market soon. Be aware of recntly sold similar units in the immediate area, review the data and make a determination as to a fair price--keep in mind that in today's market, pricing and marketing that maximizes your exposure are paramount.... more
The decision is entirely yours--does the complex allow renting to begin with --if so, are you comfortable with the idea of being a landlord and collecting your monthly rent payment, and will you collect enough if you still have a mortgage,and don't forget about maintenance payments, etc. As far as selling, do you have other investments in mind, what does your tax consultant advise you to do as far as saving money, etc. Saving money, fortunately or unfortunately, is all about your lifestyle and choices--again a decision only you can make and opinions are just that.
The decision is yours and yours alone, how badly are the renovations needed, if you plan on selling the best thing you can do is remove all clutter and have it neat and sparkling clean--again it is your decision.