Question (BRRRR)

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Hey guys, I'd like your advice. I bought a property in Aurora, CO a couple of years back with the intention of living there. I bought and rehabbed it and was forced to move out of state due to a job change. I'm currently renting out the property with a pretty good cash flow and have roughly 60k in equity in the property through appreciation and the rehab. That being said, I'd like to purchase another property here in Las Vegas, using the BRRRR strategy, however I'm questioning if it's worth sacrificing a good chunk of monthly cashflow to fund my next deal. (Especially since I'll only get roughly 40K back after the refinance). Any thoughts?