Now What?? Refinance? Sell? Cash out? HELOC?

[Hannah Mitchell]

I own two single family homes via conventional financing. One is cash flowing $560/mo. The second home I live in, but renovated the basement to be a rental which cash flows $300/mo. My renovations actually added approximately 750 sq ft of livable space and I anticipate my appraisal will be approximately $165,000 over what I paid for the property. Assuming my estimations are correct, where do I go from here to add more properties to my portfolio? How can I utilize this equity to efficiently purchase more rental properties?