Refi and purchase another property or refi and live in property

[Justin Crook]

I purchased In Northern California at the end of 2015. I relocated for work about a year later and have had it rented the last 3 months. I had purchased with an FHA loan and have a mortgage of 1120/month. It's rented for 1250 and I pay $70/ month for a property management company. I purchased the home for about 165k and it is worth around 220k. It hadn't been updated but was in good shape. I'm now moving back to the area. Here is my dilemma: I Will be renting for a short period right when I move back. Should I wait to move back into the home and refi as an owner occupant or refi as an investment property and purchase another property, possibly a duplex? Only issue with this is property prices are much higher. Any advice is much appreciated.