What would you do? Sell or rent primary residence?

[Barrett Anderson]

What would you do in this situation? I am currently living in a live in flip house with a great interest rate 3.25% with a mortgage around $825 a month, 6 beds 2200 sq ft in an amazing neighborhood next to a top rated elementary school. I have about $200,000 in equity. As great of a home as it is my family is growing out of it and my wife is ready for a new home. So should I keep the home and rent it out for about 1700 a month and take out home equity loan for a down payment for our next home? Or sell it put all the equity in next home and build and add an apartment in the basement with the goal of keeping mortgage payments close to what it was but with a larger more functional house. (This is what the wife wants to do). Or sell and do another live in flip and do the same thing we did with this house. Lets see how creative you are...