I need help deciding if I should keep my primary residence and rent it out or sell it and then move into a new one, I have already done a cash out refi of 60k if we rent it we would get 150-250/ month profit not counting cap ex and if we sold we could get 5k-20k property is worth 250-280 ARV , the property has brand new roof hvac and hardwood floors with in the last year or two we will also be using va loan to buy. ps my wife wants to sell and I want to rent it out 

@Aubrey E Alleyne I am not sure you can go wrong being that close to the beach.

You can buy a  brand new house in a great area and have a great asset. 

Even had a brand new roof and young HVAC.

All my stuff sits between E Warren & Mack Ave which I consider to be the "heart" of Morningside.

Capex can often be handled from the front end with inspections and contractor bids, but remember even a brand new house will wear out over time and need replaced.  

We see all kinds of crazy stuff, and we sort it out on the tax return whether it is a Form 8825 on a 1065 or if it is Sched E Page 1 on a 1040.

Make sure you have all your documents scanned and ready to e-mail to them,  and ditto all your notes of conversations, etc.  

No need for any overpriced education, just read books on real estate investing during your down time (I would recommend the "ABCs or Real Estate Investing" by Ken Mcelroy if you are brand new) and listen to the BP podcast when you're commuting, cleaning, cooking, etc.

A brand new furnace will, in theory, raise the value of the home by the cost a brand new furnace.