Q: Should I rent out my own house or sell it?

[Glenn English]

I'm sort of a newbie. I joined BP about 3 years ago when I did my first (and only flip so far), but I haven't really been active since then. And I'm looking to get back into investing. However, I was laid off from my software sales job a few months ago and during the last couple of months, I've realized I do not want to go back to working for someone else - especially an inside sales job sitting in a cube all day dialing for dollars! 

I'm now in the process of getting my real estate license to become an agent. I know there' still some dialing for dollars involved, but eventually I want to get back into house flipping and I think having my RE license will help me down the road. 

Now obviously it will be tough for me to get a bank loan and fund my flips without a job. However I do have a good amount of equity I could get from selling my own home. I could get roughly $350K cash from a sale based on what I owe on the mortgage and what the homes are going for in my area. The other thought is, should I just keep the home and rent it out? I think I could get about $2500 per month, which should net me about $800-900 each month after expenses (taxes, mortgage, insurance and maintenance). I could move in with a friend while I start investing again and get my real estate career up and running. Any thoughts or advice? Should I take a huge risk and go all in by selling my house, or should I rent out my house and collect the $800-900 per month while I get my real estate career going....??

-Glenn