Cashout Refi or own out rite

[Richard Mikelic]

Hi Folks very new investor here hoping to make the best possible next move. So I was fortunate enough to have my parents sign over a 2 family house to me which I have spent out of pocket $50,000 in remodeling costs. I am currently temporarily living in the renovated apartment until I move to Florida in October. At some point I will have to renovate the first floor apartment ($20k) which currently has a paying tenant. I would like to continue purchasing properties for passive income. My question is do I cash out refi to cover my out of pocket, out of pocket & future renovation, or out of pocket, future renovation and next purchase and how much? Or do I continue to own it out rite?

Property current value-$300k

Monthly cash flow (after I move out) after all expenses including vacancy & capex-$1,350.00

Look forward to any thoughts and wisdom to unstick me!

Much appreciated!

Richard