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Numbers promote selling or renting?

I asked this a while back but some things have changed and not sure what we should do. My wife and I will be moving after winter and looking for a house between $300-450k. Figuring the new payment would be about $2200-3000, our current payment with everything escrowed in is $1080 at 2.75 interest. We owe $135k and can sell for around $275k, we live in a development so all the houses have same setup 3 bedroom 1.5 bath. Houses that need work have just sold in past month for $250-285k. Our house is move in ready brand new everything except plumbing, so would assume it would go on higher side of price. We have currently $25k saved up and running numbers with a realtor on costs after selling and paying closing costs, realtor fees a $40k down payment and everything in between we should walk away with around $85k in our pockets. Have researched renting instead of selling but hard to figure out if best for us. We can rent the house for around $2000-2500. I have some specific questions;

Can we use potential rent when applying for mortgage?

How do I get the current equity in house out? Heloc? Home equity loan?

Some have suggested just sell since we have most likely reached max value on the house and won’t come close to payout renting instead of selling.

What would most of you do in this situation. Our main goal is buying a new house not so much becoming real estate tycoons, but I’m not opposed to becoming a landlord. We do want a big payout since we want to payoff everything else off and just have a mortgage payment. Our monthly net income is a steady $9500 but can dip down to 8500-9 some months depending on having to take time off.

submitted by /u/Admirable-Bee-4708
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source https://www.reddit.com/r/RealEstate/comments/1olksgy/numbers_promote_selling_or_renting/
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