The increased rent is a good sign. 

If it's in your name you can look into the potential for a HELOC or potentially refinance to pull out some of the equity you've created, but you'll need to do the math to see if you're payments will increase based on the new loan terms.

I do understand that market value becomes what has been paid for a deal but with minimal work and renovations my deals almost always significantly increase in value in the first 6 months.

increase equity How did you find this deal and how did you negotiate it?

Great tenant but property tax increases have reduced my cash flow.

What is the best way to increase deal flow with multi family off market properties?

However, if you have the time and prefer to source properties on your own, I would highly recommend the following strategies:Connect with probate attorneysVisit property auctions: These happen monthly and, surprisingly, aren’t saturated with investors.Cold callingTarget LLC owned properties: Over the years we have seen an influx of companies purchasing SF for rentals/long-term holds and they failed to account for property taxes and an increase in new construction coming to the market.

Bond fund holders are making a strong return with both high yields and fund values increasing with rates declining. 

San Diego SFH rad average rent increase of $600/month last year (source Core Logic).  

Would the fact that our house is in the ~ $850k valuation range influence your advice?