Hey guys first post here but I'm hoping the community will help me weight out the pros and cons of my situation.
A few years ago I purchased my first home. Now my job is relocation me to a different part of Texas. I will be moving to a city with a lower cost of living as well as lower home prices.
My debacle is I own a home with 200k in equity. So I find myself at a cross road. Do I sell and take the money and by a home that I can almost pay off and do a 15 year loan, or do I rent out the property. If I rent out the property I'd most likely refinance to get my pmi off and pull money for a down payment on a new home in about a years time. I'm torn and don't think either move is a bad one.