I’m in Fresno however I don’t invest here anymore other than trying to make wise decisions with primary residences. 

Not saying “don’t do it,” but make that part of your decision matrix so it doesn’t shock you down the road.  

Any advise on other aspects I should look at before making a decision?

First off, you're calculating cash flow incorrectly.

I’ll need to weigh the pros and cons of each and then make a decision. 

I appreciate your insights and I feel more confident about my decision. 

This is incorrect based on what the original poster is asking.Rentals do not have to show a taxable profit on schedule E.

My current decision is whether to rent this property out (which was always the goal) and move into a new home, or sell this property to capture the equity gains and invest in something else for better returns. 

It was one of the best decisions I ever made in my life.

@Vanessa Ch - recommend that you connect with a lawyer, the SF tenant/landlord hotline, or the SFAA (san fran apartment association) to confirm ... too much incorrect information out there by folks who aren't lawyers or vetted.