Do I sell paid off home (LTR) in Palm Springs...?

[Wyatt Degaine]

Recently moved out of our SFR in Palm Springs, Ca due to my wife getting a promotion with Marriott we moved to Denver. My house was paid off as a gift from a family member. My question is should I keep the rental and refi or HELOC to get a place out here in Denver and also another income property using the Equity. Or should I sell the existing property...

Property Facts:

Property Value 275-290k

Rent $1750 ( could be more but I cut the price cuz I needed a tenant quick and He‘s trustworthy)

Property Taxes $5200 annual ( has Mello Roos 🤮)

HOA $150 monthly

My tenant has mentioned buying the place which would help me because im licensed both in Cali and Colorado so Id save the commission . Kind of a unique situation that I need experienced ensight on...