Sell or Rent?

[Andrew Callahan]

Hello Everybody,

I am new to bigger pockets and investing as well. My question is, should I sell my house or hold on to it as rental income? My house is located in Littleton in the Southbridge neighborhood, a little subdivision perfect for first time home buyers. The house is located across the street from southbridge park, conveniently located to the highline canal, light rail, shopping, C-470, and a really good school district. It's a ranch style 3/2/2 with around 1,900 sq ft. I bought the house for 196k and currently owe 180k and the house is valued at 315-330k judging from the comps. In about one year (my family) are moving to Hawaii (Wife is part Hawaiian and has tons of family on Oahu). So, I was originally thinking of selling next Spring and taking the equity, but since the market is so hot here in Denver would it be a better option to hold onto the house and rent it out? Obviously with me being half way across the world I would hire a property management company. Some good advise would be greatly appreciated!

[Travis Sperr]

What will it rent for? What is the payment? Based on the post it looks like it would be your first rental - everyone's risk tolerance is different - are you comfortable owning a rental that is half way around the world? I don't visit my own rental properties 15 min away, I pay someone to do that, but I could - there is a certain amount of comfort there.

Would the equity be helpful in your move? potentially as a down payment where you are headed?