How do you decide whether it's better to sell or rent your home?

[Juliette Howard]

I am a active duty military member that purchased my current home three years ago with the intention on renting it out when I leave. I bought the house as is and it needed upgrades. Currently I'm looking at putting $12K in the kitchen and bathroom to have it upgraded. The floors have been redone, the roof has been replaced, and I am getting the ceiling done next week. Currently my mortgage is $1104 with taxes and insurance. I bought the house for $116K with a 15 year mortgage and a fixed rate. The location of the property is in the middle of two military bases, so I know that I would be able to rent it out, but I don't know if I should try to sell it instead. I feel like long term, renting it would pay off but I won't be making much money in the beginning. Any thoughts or suggestions will be greatly appreiciated, thank you.l