This is a hard question to answer and it depends on quite a few things
1. Your renting market
2. Your buying/selling market
3. Do you have the budget to cover repairs
4. Do you have the time to deal with renters?
The list goes on. I personally wouldn't hire a property manager I'd rent it out myself (more money for me)
I'd sell it on a rent to own basis collecting a non refundable deposit (use that deposit to fix any repairs as they come)
I'd have my contract state that the rent to own buyer is responsible for x amount of repairs up to a certain amount. This keeps the buyer in line and you know the home will be better taken care of than it would with a regular tenant.
Plus it makes it easier to rent out again (if the original buyer backed out of the deal)
In the long run you will always make more money renting the home out than you would selling it.
I have 4 homes that I rent out and I've only had to come out of pocket once for a repair and that's because I split the cost with the rent to own buyer.
I set up my contracts (with help of course) so that I don't have to be a 24/hr land lord