Should I sell my House?

[Louis Bratton]

Hi BP,

I currently own a home that was originally purchased using VA Loan in 2006 for $219,000 and could sale at retail for about $280,000 now. This is considered a Class A Neighborhood where all of the new construction starts at 400k+ now (Cary NC). I bought it with the intentions of renting it out after i moved out in the future. It could currently rent for about 1600-1700 a month which is less than the 1% rule but would leave about a $300-$400 spread after paying mortagage. I have other rentals currently. I am interested in buying a new personal home next year around January so if I sale it I could use my VA loan again, but if I keep it I could just use FHA since I have never used one. Looking for advice. Would you sell or keep it?