First time! Rental or Sell guidance

[Kip Oslie]

First time Home-buyer (North-West side of San Antonio, Tx.  

I want to turn my house into a rental. However, I’m trying to get guidance on how to lower my risk and how to get the numbers to make sense.

$340K (loan)

$10K (invested)

~$60K (Equity)

5bd/3.5bth, 3200 sq ft
very nice neighborhood/ schools (4.5/5)

Average rental price in my area for that size is $2500-2900. I would price mine ~$2750. 

My cash on cash return is 9.5%

My worry is the market in my area is hot and the size of the house I have, I have a higher risk in Renting then just selling. 

To make my house more appeasing in renting, I thought about paying utilities (I know not normal for single family house.)  However, increasing the rental price (cash on cash return would average around the same). 

I appreciate any guidance given and pointing me in the right direction to further my knowledge in investing!

Excited in making the jump!