Reply to Sell the house, or rent it?

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[quote=Anonymous][quote=Anonymous]We had a similar decision a few years ago and chose to rent out our home, largely due to an emotional attachment and desire to "diversify". It has worked out ok in that we are cash flow positive and have had good renters, but we would have made a lot more money selling and putting that money in the S&P over the past 5 years. Renters also don't treat/maintain the home as you would and we definitely have more wear and tear than we would have living there. We are now looking to sell as we are tired of dealing with cross-country property maintenance and it is a pain. [/quote]
+1000

Even if you vet your renters, they simply are renters and rarely care to treat it as well as you would.  Unless you plan to come back to the area and live in that home (and are 90%+ certain you will) I would sell, invest the money and purchase a new place that best suits your needs if/when you return.  
Rarely do you make more money renting  a place than you would investing in the market, plus you have to consider all the work to maintain it/paying a property management company.  
Also, it's hard to turn it over to new renters without a gap, so that's often 1+ month of no rent and the losses add up quickly
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