First of all, an HOA is a ticking time bomb. You will never know when you will be hit with a huge assessment until it's too late to get out of it. As the unit ages, expensive stuff will need to be fixed. If you don't know whether the HOA is on a solid financial footing, and won't be able to monitor/influence it to stay that way, you could get hurt. It only takes one wanna-be fascist overlord to brow-beat a bunch of wimps into doing stupid stuff. Like giving the insurance contract to a buddy under the table, then discovering (after a fire burns down the place) that said insurance didn't cover the problem. It really happened.
So, if you keep it and rent it at $1700, you can count on at least $2500 a month in expenses. (You have to allow for vacancy, for repairs, for property management, and you have to set aside money for the expensive stuff. $2500 is actually a low estimate on my part...
That works out to an average of $800 a month. If you clear $100,000 on the sale of the house, and invest that same $800 a month in the market, you could expect a nest egg of $329,000 in 10 years $518k in 15 years and $780k in 20 years. That's in today's dollars, not future inflated dollars. The actual amounts would be higher.
If you want to beat the market, you have to have the expectation that your condo would go up a whole lot to beat those returns.
I would not invest in a rental that was cash flow negative unless I knew a whole lot more about the local real estate market than I'm guessing you do.