New member looking at turning current house into a rental.

[Adam Hardy]

Hello all and thank you for allowing me to be apart of the BP community. I have learned a lot by simply reading others posts and seeing what other people are doing to start gaining passive income. I’d love some advice on what to do with my current home.

My situation: I'm in the Air Force and bought a home with a conventional 30 yr loan at 3.25% APR. I'm moving AGAIN this summer, so I will have only lived in the house 3 years. The town I live in has a decent rental market and it's a nice house that "should" rent quickly. Other side of the coin is that if I sold it, I would probably make close to $40k more than I paid for it.

I found a great property manager and I love the idea having my first rental property. But I’m having a tough time deciding if I should take the risk of renting it out or sell it and take the money and put it towards a different rental/investment property.

Any advice you have would be greatly appreciated.

Thanks,

Adam