Since I'm based in Tampa, I don't look outside and compare markets. 

Another way to say is that what is the value of the property (today) compared to what is owed on the loan?

@Joshua Martin,If there’s a chance you’ll sell next year, a HELOC might be the better move since it typically has lower upfront costs compared to a cash-out refi.

There are HELOANS - at that juncture, your best bet is to evaluate what is called the blended rate and compare that to an entire new first lien (cash out).

To rent the home, I would lose about $2,500 per month (based on comparable rents in my area, property management fees, etc).Both options loose the same amount by roughly 2 years, and by this time, I still will not have built up much more equity in the home to make selling it a break even unless there is price appreciation by then.My dilemma is this: I speculate that my home will not appreciate much in the next 3-5 years due to the rapid pace of development in the surrounding area.In 5-10+ years, maybe, but by then I'll have bled $150,000 - $300,000.I have thought about this a lot and feel that I mar'-too close to the problem to see the best solution.

Co-living provides built-in diversification, lowering your financial risk compared to single-lease rentals.5.

Co-living provides built-in diversification, lowering your financial risk compared to single-lease rentals.5.

However, the rental value this area is very low compared to the Home values and mortgage rate.

The Northeast and Midwest are expected to be less affected by the oversupply compared to the Sun Belt and luxury properties.

@Timur Salikov How would you compare the Westwood neighborhood to where yours is?