Should I sell or rent out house?

[Mark M.]

Unfortunately I recently went through a divorce. I kept the house which didnt have much equity in it. It appraised at $260K last summer and I owe $1500 per month on a $237K loan. The loan is a 3.65% fixed rate loan and includes PMI. The monthly payment is $1500. I can rent it for $1750 to $1800. It is in a very desirable neighborhood and is one of the cheaper/smaller houses in the neighborhood. I am looking to relocate and trying to figure out if I should sell or rent it. If I do rent I have $5K extra cash on hand to set aside in an emergency maintenance fund and I also make a decent income. Because I am looking to relocate a few hours away I am considering property management. Does anyone have an opinion? Thanks for taking the time to consider my situation.