New Member, Boca Raton, primary residence question

[John Andrews]

Hello all, 

I'll be on this site much more often now...I have questions for all of you, lol. No seriously though...I need help. 

I'd love to start getting into flipping properties but have a lot to learn. 

I'm actually trying to make a major decision on my primary residence right now...we bought it so good that we are very much considering selling within the first 2 years (Now) but don't know what to do. 

So the house was bought in the mid to low 200s and we've done some pretty significant improvements....We're waiting on an appraisal to come back for our refinance..but we're hoping that it'll appraise for between $350-$375k..

So would I be a fool to not take the money and run if we could sell and cash out 100k+?

We like the house, but know we'll grow out of it when we have kids. But I also don't want to get stuck in a rental for a few years if the market doesn't experience a downturn within the next couple years that allows us to buy at a reasonable level again... and in this time we should expect that interest rates will be on the rise too right? 

Such a tough decision.