Convert Home into Rental or sell next spring?

[William S.]

I am soon moving out of my primary home and need some input on what to do with it. It's in a A-class neighborhood that is up and coming, however only a 2 bed 1 bath. Numbers below.

Rent $1,200 - $1,275 ($1,250 is what I'm going with)

Mortgage: $455.19

Taxes: $265.43 (sucks)

Insurance: $40 (this could go up once I move)

Vacancy (1-month): $104.17

Repairs: $50

CapEx: $150 (projected 30-year hold)

Total: $185/m (self manage) $60/m (PM)

Home condition:

Brick exterior

New windows

New bathroom

Plumbing unknow (concerns due to slab)

Kitchen (original cabinets, new appliances. Cabinets are painted but will need to be replaced if I hold)

Roof 15 years left

HVAC 15 years left

Water Heater 8 years left.

Option 1 - Rent, then sell in Spring 2018. I'll either break even or loose a few grand.

Option 2 - Hold. Renovate kitchen ($15k). Not sure about this.

I'm not sure if holding makes sense. It's in a good area, but not sure if holding a property in such a high property tax state makes sense.

Selling would free up capital that I would deploy towards paying off a KC rental C/B neighborhood (low property taxes)