Renew Tenant Lease or Sell Home? Your Thoughts..??

[Sam Mathew]

Here is the real estate scenario....what do you think?

In 2017, I bought a 4 bdrm rental home in Port St Lucie, FL for $140k.  My tenant pays $1500/mth and I make $250 a month profit.  The tenant has been amazing, even fixed 2-3 broken items herself.  The lease is up now and she wants to renew.  I could increase rent another $50/mth, or I could sell the home for $200k and make a handsome profit of $60-70k.  I can take that an invest in my first multi-plex or maybe two more homes.  Should I do it even though my tenant has been the most amazing, ideal tenant I have ever had?  Or do I renew the lease and keep making $250-300/mth in profit. What do you think?