Rent out or sell my current home?

[David Laws]

We have $100k in equity in our current home and our mortgage is $850/month. This home will rent for $1550/month($700/month cash flow). We are currently looking for investment property to rent out. We’re also looking for a new home. Would we be better off keeping this home and renting it out or using part of the equity for a down payment on another property?