I am deciding to sell or rent my Condo. Would like some thoughts

[Richard Miller]

Hope all is well with everyone!

Property is a condo.

So, long story short, I moved into another property without having to sell my previous =) My plan was initially to rent the condo out. If I rent it now, I will clear 600 monthly after all expenses. I do know some assessments will come down the line and cut into that 600. For some reason I cant get past the extra $600 a month. Also I'm sure there is some emotional attachment to the property as well. 

OR

I can sell the condo and will clear close to $100,000. But now I wont have the extra income. Although I will have money to invest, finding deals where I can clear $600 are difficult to find. 

With the extra $100,000 what are some ideas to invest?

Would just like some thoughts or different perspective based on your experiences. Much appreciated for your input. 

Thank you!

[Richard Miller]

@Mike Dymski I will check out the section 121. I must educate myself on the capitol gains tax. I didn't even think about it until it was said on here. 

I will cash flow $600 dollars after taxes, hoa, mortgage, insurance are all paid. Tenant would pay electric and water. 

I have a little more than $100,000 in equity. The property is valued around 145,000. I am not too sure how much more the property will appreciate over the next 5 years.