Should I rent out my marital home after divorce?

My wife and I have decided to get a divorce after 12 years. We don’t have any kids but we did buy a house together back in 2008 using an FHA loan. We are slightly upside down on the mortgage; we bought the house for $ 260K but it’s probably worth about $ 230K as of right now. Neither of us can afford the mortgage on our own, but we don’t want to sell the house and lose money. If we were to rent out the home and have our tenants pay the mortgage with their rent, would I be able to purchase my own place? As a veteran, I was thinking of getting my own condo/townhouse in the more affordable $ 100K-150K range, using my VA loan that I have never used. Would that be possible with an existing mortgage? Any advice would be greatly appreciated…

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