To sell or continue renting…please help!

[Audrey Blotz]

My husband bought a starter home in Richland, WA in 2020 for $250k and since then we have moved to New Mexico.
When we moved we kept the house and have been renting it for a little over a year - $225/mo cash flow (not including maintenance). The house currently has appreciated to about $340k. The market in this area is pretty strong with quite a bit of population and job growth, near good schools, etc but in a relatively older part of town. The house and all houses in the area were built in 1950’s. 
I would like to move forward with building our RE portfolio, but not sure if we should sell and put the profit into 1031 for a new property or start looking into other properties with limited cash on hand for down payment (and start saving up in the meantime). 
Also I should mention that my husband’s job will pay for most of our closing costs if we sell by November 2024 as part of his relocation package. 
Any thoughts and/or advice much appreciated! 

[Basit Siddiqi]

if the company would pay for closing costs, including realtor commissions, that is about $20,400 of savings right there!

Add on not having to potentially pay capital gains tax if it was a personal residence for 2+ years.

I vote sell the house.