I purchased a townhouse back in 2019 in South FL. Brand new construction. Initial price was $350k. Now it's at $530k, around 34% increase in value. I have around $220k equity in it. I lived there for about 1.7 years and rented it out to a nice family. The property is cashflow positive, but the rent is WAY below market value.

In August, the lease is up and I'm trying to figure out whether to bump the rent, or just sell the place for profit? The only thing is, if I decide to sell, I'd have to move back in for about 3 months to benefit from the 2 year tax break, correct?

Here is my own pros and cons for selling it:

Pros:

• Decent profit and good cash. I'd be able to pay off some debt (cc debt, car loan etc)
• Cash for down-payment for buying a larger property, or even two properties once the bubble bursts

Cons:

• No more passive income. The current net cash flow is around $500
• I keep the house and the housing market collapses

Any advice is appreciated here. I want to make the best possible move here.