Should I stay or should I go?

[Jeffrey R.]

Last year bought a single family home and legally changed it into a duplex. Spent $260,000 on purchasing the home and another $30,000 on renovations etc... Cap rate is almost 10% when entirely rented out (I'm presently living in one of the suites). I'm pretty sure I could at least get $350,000 if I put the duplex up for sale this fall. What I'd like to ask others is: should I sell, take the money and invest in another house... or should I get the house appraised, refinance, take $30,000 cash out of the house + use some other money that I have put aside and invest in another house?  Part of me wants to flip so that I can physically see the profits, but part of me thinks this is a solid duplex that could be kept for the long-term. Trying to build an empire of real estate here! What's a young investor to do? 

[Scott Weaner]

How about a HELOC to fund future purchases?