Selling versus Renting Dilemma

[Patrick Farley]

We have our Denver home listed as we are relocating out of state. It's a new build in a good area. However, we have had fairly low traffic with one offer from investment group to buy and rent, which unfortunately fell through. From the input and date we've gathered, our monthly NOI would be 2k rented. Not concerned remote PM as I have boots on the ground and can automate bill pay/service requests.

My dilemma is I would like to tap into our 40% equity for alternative investments.  Not to mention, we are into another home in an even more expensive market, which I fear we overpaid for, and psychologically, I'm scared to be hit in two places in the event of a downturn.

Seeking any/all BP input and welcome discussion.