@Chaz Mathias The emerging markets moniker popularized by Lindahl doesn't really apply in this stage of the real estate cycle where everything is hot. 

When RE looks like Bitcoin, be very wary.The Zestimate for this house is $939,904, which has increased by $50,369 in the last 30 days.

I have noticed potential agents/tenants tend to avoid going to homes where there is a current tenant.On the other hand, does the increased marketing exposure help get it rented without vacancy?

Increase value and maybe hold or refi out.  

Increase value and maybe hold or refi out.

Here are my current options (beware, some of these may not make sense – this is my first time so I don’t know the difference between smart/stupid moves yet):A) Get property appraised and get a HELOC to use as a down payment for a property with FHA loan (2-4 Unit)B) Hope home value increases and sell when the equity >= a down payment on a 2-4 unitC) Remodel property and sell when the equity >= a down payment on a 2-4 unitD) Remodel property, Get property appraised and get a HELOC to use as a down payment for a property with FHA loan (2-4 Unit)E) Save money and wait until market rent >= cashflow, use HELOC/saved money as down payment for 2-4 unitI’m thinking option E is the wisest move but I want some other opinions to see if there's a faster way – any insight is helpful since I’m just learning.

With rates moving higher, it is likely that your rate will increase in the future.

But only in the last little bit has appreciation caught up with minimums and the practice started to become popular. 

Hopefully something we can live in for a couple years and then turn into a rentalSingle family home w/ 2 bedrooms and over 1000+ sq/ft so we can add a 3rd bedroom to increase valueSingle family home w/ unfinished basement and separate entrance - we'd consider finishing the basement to create a downstairs apartmentAny takers?!

We bought a condo in Tacoma, WA in 2013 that has seen a significant increase in value.