Should I sell or rent this single family home?

[Sully Hubbard]

I inherited my parents home (free and clear) and have spent nearly a year fixing it while living there. Almost done. I know the market is high right now and since we seem to have a little uncertainty in the economy right now, I'm thinking about selling the place.  Or, I could rent it out and build a home (or mfg home) to rent out on the back half of the half acre lot. Then I would have 2 rental properties generating an income, and 2 homes. Residential redevelopment has been my only gig for the last 5 years, and is my only bread and butter, so it would be nice to have rental income. But, if the market corrects, couldn't I do just as well if I have cash in my hand to buy more home? Not sure I qualify for any refinancing to brrr the place, because my income has been inconsistent. So, do I sell and take my chances that there will be a market correction and try to buy foreclosures down the road? Or, do I rent the home and use existing cash to build a new rental property on the back lot? Or??? What would you do?