Should I Sell or Refinance?

[Darina Pogodina]

Hi BP friends, 

I have 2 family house and I am trying to make a decision whether to refinance it or sell it. It is located in Worcester, MA and currently financed via FHA. I bough it a year ago. After all expenses it cash flow $500. If I list it now, I can probably sell it for $150,000 and after all costs make about $24,000. Should I make money and buy something larger or keep it and continue cash flow.

Basically, I can make this $24,000 in about 4-6 years or may be I could buy something that can cash flow $1,000 so I will make this money back twice as fast. 

What would you do ?

Thank you, 

Darina