Rent out or Sell in sellers market

[Cindy Free]

Hi, We own a house in a prime location with a lot of equity in it right now; almost 60 to 75k, maybe more.  We are thinking about selling or renting it out.  It is currently a sellers market in our location.  Do we sell and get the cash for another house for future investment when the market goes down again?  Or do we keep the house as an investment and rent it out?