Sell or rent out

[Michael Osborne]

Hi, 

My wife and I are moving into a new personal residence in January. We are planning to rent out our current place and the numbers seem to work to us. Just seeing what people with more experience think. 

Our mortgage, tax, insurance and condo fees total $1820 and units like ours in the same development are renting for $2100-2200. Since we will be living about a mile away we plan to manage the property ourselves. So should be cash flowing $280-380 a month. We can cover both mortgages easily with our incomes and prefer not to sell now bc real estate fees would only net us $10k plus our original down payment.  Please let me know what you think. 

Thanks