When they ask for higher interest rates I just point out to them that even though it looks like they are going to get more, I have the option to refi at any time which instantly takes away their gains.

Here is my take on each of them:1) HELOC: a reusable amount of credit with a variable rate.2) Home Equity Loan: a 2nd mortgage on my home, only for the equity, with a fixed interest rate3) Cash out Refinance: replacing the current mortgage on my home with a new mortgage for 75% - 80% of the current value, and receiving the extra equity in cash.My specific question is, which is these is the preferred method when using the capital gained to begin investing with the BRRRR strategy?

Hi I'm interested in gaining experience cold calling and door knocking and was wondering if anyone is interested in exchange for training?

What I like about it most is the quick equity gain right away which I think is superior to just buying a ready to rent property. 

Would you be exempt from capital gains due to occupying it?

If he sells out from under you, he still gets the money less any remaining principal and still only pays 15% long term capitals gains tax (on the profit/gain).  

@Ryan Ribinskas I would sell the house now and avoid paying capital gains tax, since you have lived there 2 out of the past 5 years. 

The tenant is interested in purchasing and I may give them the option since I've owned it for 2 years and I wouldn't have short term gains on it and I can avoid using any agents.

If you inherit a property there is a step up in tax basis and no capital gains tax or depreciation recapture if you sell the property for same market value as valued when inherited  Any gain occurring after inherited date can be avoided by doing a 1031 exchange.

In addition, you will gain an understanding that sales are integral to the prosperity of any business, yourself included.