To flip & Sell or use first house as rental property!?

[Dalton Chmelik]

As my wife and I get closer to starting our rental property journey the house we are living in currently is still a point of contention between the two of us. We have both agreed that rental property investing is a direction we want to go, but can't seem to figure out what to do with our house. So back story on our house- when we got married- her parents (who used to be in the rental property game) sold us one of their previous rentals for dirt cheap as a fixer upper starter home. They had previously rented this rural property out for very cheap without raising the rent for 10 straight years. For the last year and a half we have been slowly remodeling the house and property. My wife is dead set on the idea that we should sell this house when we are complete and move into a bigger home, however I think it makes more sense to rent this house out once complete to start our rental property portfolio. Any advice or pros/cons would be greatly appreciated! 

[Jaron Walling]

@Dalton Chmelik No offence but it sounds like your wife is letting emotion control the investment journey. You can't make wise choices without NUMBERS. 

If you dropped hella coin and over remodeled the property I wouldn't rent it out. If it cash-flows negative I wouldn't rent it out. If you stand to profit $70K and pay no capital gains (primary resident for 2/5 years) I'd sell and put that money to work. Find a deal and follow the buy and hold strategy. Sacrifice something in your life and leverage (safely) with these low interest rates. Selling and buying a bigger house accomplishes nothing.