Rent My Home; Buy Another Primary

[Gabriel Wertz]

I have very little experience with investing. I purchased a small single family home with a partner 3 years ago that has a nice little cash flow to it.
With that said; I am looking for someone to tell it is OK to hold onto my current home to rent without possative cash flow & purchase another primary home.
I believe I can charge enough rent to cover all my costs: mortgage, insurance, taxes, & the tenant would pay for all utilities. I am sure a break-even deal like this equates to a poor investment when you factor in all the other variables ie. vacant prop & upkeep.
I owe $123K on the home and had it appraised at $156K. I am guessing most of you folks would say sell it and invest the equity in something more profitable. Here is my dilema: I have put a lot of work into this home and it is a nice, solid home that I believe will continue to appreciate in value. Relative to the single family rental I have that I don't see going up in value for quite some time.
Thank you in advance for your help!