Should i sell bay area rental under loan to rental out of state

[Xiaofei Chang]

Currently i have a rental in bay area, bought 400k, still have 280k loan and can sell for 750k. Current rental is 2900 per month. I pay 2300 per month including hoa.

Should i sell it and get around 400k cash and buy 1 or 2 small houses full cash like in MA for example and get much more positive cash flow. I see friends buy like 240k and rent for 1800 per month. 

A rookie needs some thinking guidance and some metrics introduction to evaluate this decision, like cash flow, like cash put in the investment vs net cash output.

Please also share some guidance on the complexity of managing house in antoher state.

Thanks