Trying to decide what to do with a Vegas Property

[Courtney M.]

I am trying to get some advice on my situation. I have been flirting with the idea of either renting my house out or selling it for the past year. I have been so scared of making the wrong decision that I have done nothing with the property for the last year. I bought the property in Las Vegas in 2009. It was a bank owned property that needed some work. I paid 114k for it and it is worth today around 270k. I also own another property outright and some land. This is my primary residence but I have somewhere else to go.

A. Should I sell the Las Vegas property and use that money for a down payment to buy a multifamily unit?

B. Should I keep the Las Vegas property, rent it out, and take a mortgage on my other property that I own outright and buy a single family home or condo with that money?