Newbie advice in Hawaii

[Austin Yamamoto]

Hi, I’m a newbie and thinking of investing in real estate. Ive been browsing these forums off and on for some time and want to jump in.

I just had a baby (Late in life) and it’s beginning to hit me that if I want to spend more time with my baby I need to do something else than work for a paycheck for the next 25 years. 

I live on Oahu. I bought my grandmas house 5 years ago at a small discount and fixed it up. I’m planning to move back with my parents for a couple of years to help with babysitting. During this time I plan to buy another place and rent it out and move into it after a few years as my primary residence. I’m wondering if I should sell or rent. 

My current loan amount is 450,000. My mortgage, taxes and insurance is 3,000. I spoke with a property manager and they said they could get around 3,200 in rent. I spoke with my realtor and she would list it for 950,000. 

Thanks for any advice.