Linda and Everyone,
The answers here provide many useful information. But there is something we have to pay attention.
This question looks like a real estate question but if we think about it carefully then we can find that is a question about finance and tax eventually. Real estate information here provided by real estate experts help the owner to know the outcomes on each way but which is the best for the owner has to be answered with the owner's whole financial circumstance.
IMHO, real estate experts' information is necessary here but it should not be answered by real estate experts.
This is my opition, not an advice.