re: Rent or Sell?

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even if they do, our current house is only 15-20 min from campus.

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True but it's a good opportunity for them to get away and show responsibility. They can get friends to rent out the other rooms and have them responsible using the rent to keep the home fixed up and pay the bills.

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So, if that stands true, it would be 1400-1600 a month with %10 staying with agency

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So if you can get that much, I'd certainly rent it. The 10% fee usually includes monthly management. You can cut that in half if you want to manage the property yourself. Again, another good opportunity for your kids to pay for their car insurance, etc.