It is similar to you renting a hotel room and deciding to stay.  

Purchase price: $8,000 Cash invested: $20,000 In 2013, I decided to put much of what I had learned from books into action by purchasing a two-bedroom home—not as a traditional investment property, but as a home for my mother.

Or tenants know they are the owner and take advantage of that. 

You can't decide which one to choose based on the minimal information you provided.

Quote from @Timothy Lawrence: Hello All,Today is the day I decided to upgrade myself from being a lurker to being an actual poster.

As a new owner, you should confirm if you can raise the pricing on the rent, and do that accordingly to the laws.

I'd recommend listening to this episode of BiggerPockets Money and then using the linked spreadsheet to help you decide https://www.biggerpockets.com/blog/money-572

As Bill mentioned, the best way to decide would be to get a free cost/benefit analysis to help you determine if you would benefit.

I knew this 4 years ago and decided to build my real estate portfolio to get enough know how to finally get involved.

When we looked at what his cashflow is currently, and then considered what he would net out of a sale post tax, he decided to keep owning the properties.