Sell house or rent it out?

I'm just stuck on what to do here.

been waiting several months for a short sale to get approved. Out of mostly sentiment and emotion towards my first house, I'm considering cancelling the sale. The uncertainty of whether the bank will approve the sale is too much. In the meantime I'm worrying that something will happen to "my" house. I also don't want to be blocked from buying a home for 3 or more years. Obviously, it would be nice to be unburdened.

I have a job and a part time business. I always imagined I would invest in properties but in this scenario I would just be able to break even renting the house. I don't know if my husband and I can handle the extra work. Also the house needs repairs to be rentable and that would eat up most of our savings. The home is in a location where there are plenty of renters.

I've made pro/con lists to no avail. Hubby really wants to keep the house.