Sell it or Rent it??

[John Thompson]

Hey guys, long time BP member just refreshed my Pro account, but have not pursued any deals yet… My question is this… We are getting ready to move from Dayton, Ohio to Milwaukee, WI. I own a 3b2b in Dayton that I need to make a decision on. Do I sell this property while the market in that area is pretty hot and pocket 20k-30k. Or rent this house out and use it as my first rental property? Ive run the numbers and outside of being 400 miles away renting it would net me 108$ cash per month after P&I, tax, maintenance, CapX and vacancies. 

My concern is being 400 miles away if anything goes wrong with the property but i did not know if holding it would help with future deals that i want to pursue here in Milwaukee as it pertains to funding deals… Or would having 20-30k as cash in my pocket be a better route to pursue my first deal. 

What are your guys thoughts?