Should I sell my house to unlock capital, or rent it out?

[Phillip Cassaw]

Hey everyone, I have a dilema...

I currently own a house in the Paradise Valley area of Phoenix. I bought the house in 2012, pretty close to the bottom, and now the home has appreciated to the point where i'd clear a little over $100K if I sold. My question to you is, should I sell the house to free up capital to invest in other properties, or keep it and rent it out? Side note, I moved away for a couple years and rented the house and was clearing ~$400/month, so I know it's a good rental. If I keep the house and rent it, it will take me some time to build up enough capital to purchase another house. Lastly, the market in Phoenix has gone up so much over the past few years that if I was to sell my house to buy another investment property, I probably wouldn't be able to clear as much cashflow as I would if I rented my current house. Thoughts?