@Jason Waldo , yep, I agree with both opinions too. I'm more inclined to come down on the side of keeping it, purely because it's a small fry debt that currently earns you 18.6% net, not including future appreciation. The same $372/m cash flow, from a more expensive property bought now, will not be anywhere near 18.6% return, right?
So, you could refinance it for maximum cash out (but still some cash flow), instead of selling.
Or, just invest from your other resources. [Then there's "happy wife, happy life"?] Good luck...
I usually always say to sell. But in this case it will be pure income once the mortgage is paid off and there isn’t much left. I would keep this one and buy more. Unless you need the equity. But you could always cash out refi!
Your rent/purchase price is really good and cash flow is really high too! Granted you don't have any capx, vacancy or repairs within it. I think it depends on what your goals are. I like your numbers and I would stick with it. Your cash flow will only get better as time goes on and as long as its rented you should be good with it. this is my novice 2 cents.