Moving Out of State - Should I Sell or Rent my House?

[Martin Phinney]

My wife and I are considering a move from the Seattle area to the Scottsdale area to be closer to her parents. We own our house in Seattle and are trying to determine the best strategy for our move - what approach would net us the most money over the next 1-3 years. We're open to all strategies, buying, selling, renting, etc. We don't have much capital to work with outside the equity in our current home, but should be able to come up with first/last/deposit on a rental without selling.  

Here are the specifics on our Seattle house: 5br 4ba 3,400 sq ft, built in 2019, $1.7M est sale price, $5.5K-$6K/mo est rental value, 4.0% mortgage with $3.3K monthly payment, around $1M in equity. 

The market in Scottsdale is cheaper than the Seattle market to buy, however, the rental market is a bit higher, so we would likely be renting for around $6k-$7k/mo. 

Any and all advice is appreciated!