Sell with a 50% price increase after one year?
We bought a new build house in Pagosa Springs CO one year ago for $475k. We have a short term rental license and these are severely limited and we would be hard pressed to get another with another property. The STRs make $500-1500 cash flow. But one year later we may be able to sell it for $750k - a $275k increase. This is over tripling my money I put down. Should I take the sale and cash and reinvest?! Or maybe wait for the market dip?