Should I Sell or Rent?

[Joel Parker]

Hello everyone. I will be moving out of my personal home in another year in order to avoid capital gains tax if I decide to sell the property after the two year window. I am currently trying to decide if I should sell it at the end of my two of years living in it or rent it out. Anyone have any thoughts? I am in the Tulsa, OK area. I bought the house for $130,000 and after I'm done with the remodels it will be worth around $190,000. For this type of house the rent in the area is going for about $1300-$1500 a month. Should I rent it out or sell and use the money I make to buy another home/possible rental houses? Thanks for any help!