Should Rent it or Sell it?

[Jeremiah Lewis]

I’ve posted about this before but never really landed on I guess a persuasive answer? Anyway I have a primary residence that I may have shot myself in the foot with. I refinanced to a 15 year @ 2.375% when I had the opportunity to save myself over $100,000 in interest. At the time I thought “well the payment is $1,710 if I can rent it for $1,700 I plan on just rounding off to $2,000 so I can pay it down quicker and move into a bigger equity position”. Equity position is currently about $60,000. Now I’m rethinking and had I went 30 year I could have pulled $500-$600 cash flow. I considered a refi back to 30 but rates are back up to 3.5%. On top of this I’m almost finished with a complete remodel that should push me into the $300,000 mark according to the appraiser. I’m wondering if I should just roll with the $1,700 plan, I get my number from my mortgage payment and Rentometer said $1,700 which I think is doable maybe. Or should I just finish my remodel and take the whatever it may be $85,000 after associated fees and reinvest it elsewhere? My big problem with this is the market where I’m at, a multi family that used to cash flow $1,000+ is now barley paying for itself. Just some thoughts I’d love to chat with y’all about more. I lean on renting it for the $1,700 and hoping I get a good renter that stays in it for a few years and loads my pocket with more equity, free money right?