Newbie here, rent or sell my house

[Michael L.]

Just thinking about becoming a landlord. I live in the Denver area. My home is worth around $400k. I owe $92k with 13 years left on the original mortgage with a monthly payment of $1200. Advice from a friend who's works in RE suggested that I should rent instead of sell and refi to a lower monthly payment, which would be around $825 a month, before moving out of state. Rent for comps in my area is ~$2400/month. I really want the $300k in equity working for me but don't have understanding of how to do this in the best way. Help please.

[Vick Galu]

@Michael L. hmm you could use chucking to pay more towards the principle then the interest avoiding the refi and the 13 years you still owe on the property the time frame would be cut in half (at least by  half) because now your paying more towards the principle, your credit might take a hit but you get to keep the property and rent it for your 2400 a month. I hope that made sense and i hope everything works out for the better man good luck.