Next move??

[Nick Dillaha]

Hey guys, I need some direction... I currently live in a big 2000 sqft townhouse centrally located to everything. I bought last year for $123k with a $255 monthly due. They're currently selling now for $160k. My house was built in 2006 so it's starting to need a few things like re-tile my master bath, new paint, faucets throughout, and there's a small leak in the AC. All else is perfect and I love my home. The townhomes in my neighborhood rent for 1400-1600/month, leaving me with approx. $300-400/month potential income.

My question to you all is should I sell and try and spare the potential costs of fixing up my house and use the profit for another residence? Or should I bite the bullet and fix everything? I have roughly $20k saved for my next investment but am not sure which direction I should take...