What would you do in this situation?
I would like to hear your opinions in this property. It's a single family I live in, estimated value is about 250k, mortgage balance 112k, two rooms are rented, that cover the mortgage payment. 1st option is to sell in 1-2 years. 2nd option is to cash out refinance now, lower mortgage rate and sell in 3-4 years. And the final option is also cash out refinance and rent the entire house, which would get twice the current rent. Which option do you think is best and why? If you have any other suggestions, I'll be happy to hear it.