Keep my first home to rent out or sell.

[Joseph Grullon]

We are looking to purchase a home as our family is growing.

Should we sell our first property which is a condo, in order to complete a 20% home down payment? 

Or keep as a rental? But take out a mortgage with a 5 or 10% down payment instead.

The condo would cash flow approx $400/month, based on current rents.

Purchased for $190k and comps are currently around $265k.