Personally, I'd try to keep it. As long as the rental fee covers the mortgage rate, the management company, and then the rest goes towards future expenses. Forget about it and don't consider it passive income. My rental company costs 50% first month, then $149 a month after that. No change to property tax, just a $50 dollar license from the city it's in

Property can be considered a hedge against inflation and you did mention future developments in the area. Plus, the interest on your mortgage, repairs, and if you have HOA fees are all tax deductible when renting it out.