Take Equity from rentals to purchase more rentals?

[Sean Conklin]

Hello everyone. Question about equity and what to do with it. I currently own 3 rental properties and have decent equity in each of them. Does it make sense to take out as much as I can against each house and use that cash to purchase a few more rental properties? My plan is to own these properties long term so I am thinking that it may make sense since my tenants will keep paying the mortgage (and then some). All three are rented and I do not foresee problems renting them out if one of my tenants do leave for whatever reason. Thank you for your advice!