Sell 2/2.5 INV-Condo - Reduce DTI - Refi out of 4plx VA

[Joey Hernandez]

Hello, I am thinking about selling our Investment Property
Worth $150,000
Purchased for $105,000
Down payment was $32000                               (Or we could keep renting it out rental profit is $305 a month(selling seems more right))
Owe $55,000
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"True Profit" $49,000
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Want to use $81K (DP + Prof) to bring down DTI

---Next Step---
Refinance out of (VA/IRRRL) Loan so I can get my VA benefit back (Disabled vet = no funding fee; no PMI, etc)
Property 4 Plex
3 of four units rented (son lives in 3rd and we have a room - remote work)
Mortgage is $3100 mthly with a 2.25% interest rate
Rental income is $4000 ($+/-900 profit a month)
PURPOSE: Refi with NEW DTI to purchase a second Small Multi-family at new work location for the VA Benefit
**It is worth $700K now and we owe $450K** 

I'd really appreciate any feedback or thoughts, would love to be debt free except for real estate but if there is some thoughts on HELOCing out of the IRRL and maybe getting some money to buy down % on the new 2/3/4Plex - I am all ears.