Renting vs Selling Previous Primary Home

[Chad Flath]

Hi Everyone - I am new to the investing game and really just trying to get my feet wet. I am debating whether I should keep and rent our old house (closed on the new house this week) or take the profit and put it in something else. The house has a mortgage at $193K that we just refi'd this year (originally paid $235K). With the mortgage, taxes, insurance the mortgage is $1,360. I know I can comfortably get $2,195 from a good tenant but am being told that I could sell for around $350K. Am I better to take the cash and put it into something else or let it go and take the cash flow every month? I do have a heloc on the property ($0 balance but have access to $80K on it).