Rent my house vs. buying a rental property

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I am so confuse and in need of some expert advice...

We owned a house and current on our mortgage. We can rent our house out for $2K per month. Our mortgage is $1500.

Plan A: We move and rent a place for $1500; Rent our house for $2K, cash flow $500.

Or...

Plan B: We buy a rental property in a less desirable area with a mortgage of $80K ($20K down); and rent that one out with rent ranging from $700-$900, before expenses and reserves.

Thanks.