Rent or sell current home in Austin TX?

[Brian M.]

We have a 3BR townhome in the heart of Austin TX. We bought it for $600k two years ago and it's worth ~$850k now. There's a $325 HOA with it which includes yard maintenance and joint pool. We are looking to move to a SFH and don't need the $ from the townhome to do so.

When we move out, we can rent the place and profit $100-$200/month. We could do that for another couple of years then sell so we're still under the "live in the past 2 of 5 years" rule for capital gains tax. Alternatively, we could sell now and repurpose the profit immediately. If we repurpose, we would either put the cash in equities or semi-passive real estate like a syndication or a turnkey rental (we don't have a lot of time for BRRRR or STR).

Our goal is long-term wealth without putting in a lot of sweat equity. Cash flow would be nice but not necessary. Thoughts on renting vs selling?