Rent or sale?

[Emanuel Papadakis]

So, here is my dilemma. I moved to Maine 2 weeks ago and I put my house for sale, which I had for 2 years in Westchester, NY with lots of traffic but no offers. My current mortgage balance is $332,000 (4.1% apr) and the estimated appraisal is approximately $389k. ($8500/yr property taxes). My monthly mortgage is $2650 with PMI and insurance, since I put 10% down with a conventional loan. Current rental rates in the this area is approximately $2750 according to rentometer for a 4br/2ba. Do you think I should rent it out and refinance pulling the equity out to do another deal or continue to sell? Thanks!