Sale primary residence or keep as rental?

[Scott Beebe]

Hi all,

Need some quick advice here. I own my primary residence free and clear here in AZ. I have recently bought a rental property in FL which has an investment mortgage. The rental property has tenant in place until January 2018. After their lease expires, I plan on moving to FL and using the property as my primary residence and then refi the mortgage as owner occupied.

Question: Should I sale my AZ property and use the funds to buy another rental property in FL or payoff the mortgage on the FL property? Or keep the AZ property and rent it out? PM services would be needed for the AZ property if rented.

Thanks in advance,

Scott