I have a good problem..

[Jordan A.]

Hello everyone. I feel I’m in a good situation overall but need guidance. 

Long story short I purchased a home in so cal last year for 1.1 mil. It is now worth 1.5+. Can probably get approx 1.65-1.7 with the current market. That’ll leave me about 850k in liquid funds for a 10-31 exchange.

what options would be best? I’m currently renting it for 8k monthly and my mortgage is about 4300 so I’m definitely doing well on it. It wasn’t supposed to be an investment property but it turned into it. 

Should I cash out and put down 200-300k on a new prop and keep renting it? 
should I sell it and then put the cash down on a property at 1.5-1.7 and do the same but hope for higher rent? 

Should I sell and rehab and flip properties? 

I know how this stuff works to an extent but not sure what choice would be best for ME right now. It’s leased right now but I want to be ready to go when the lease ends. 

im still located in so cal. 

Thanks