Sell vs renting out my house

[Mike Bales]

Hello,

I live in Tacoma and I'm trying to decide if my wife and I should sell our home or rent it out.  It's 3 bedroom, 2.5 baths and 2300 square feet.  We have around $170k in equity.  Selling would be nice to pay off some debt and have the cash available to jump on a deal (looking for duplex or triplex) but can't decide if it'd be smarter to rent our house out.  If we did it would generate about $600 positive cashflow in addition to paying off the mortgage.  

Any feedback would be appreciated!