Hold or sell and switch to BRRRR?

[Christine Walthall]

Advice on holding or selling. Just purchased a SFH with a conventional loan and 20% down. The intent was to hold as a rental. It appraised high, and we gained around 50k in equity when we closed. I'm new to Bigger Pockets, and just learned about the BRRRR method. My money is now tied up in this house, and I can't continue to invest in other real estate. A HELOC isn't an option yet because lenders want it rented out for two years to count that income towards my debt to income ratio.

Would you consider selling it immediately to get the cash back out (and potentially break even after realty fees and closing costs), or would you hold onto it? It's in a very hot market and will likely appreciate well. But if I sell, I could switch to the BRRRR method and grow my portfolio more quickly.

What would you do?