Selling free/clear property to buy/finance multiple properties with better Return?

[Naphat S.]

Hello all

I am another newbie here. Thank you sooooo much for all the advice and education you all have provided to someone like me. 

Here is the situation.
-I had one rental property (used to be my primary home) which I own free and clear worth $350,000 (all the hard work)
-This property is being rented at 4% CAP rate (lower if I factor in vacancy and maintenance). Lease expire Mar2015
-After educating myself more from websites, books, and especially in this forum. I realized that I could get more cashflow with this amount in other markets. 

-I am interested in turnkey properties.

Solution
-Could you please advise what best I should do or what you will do? after educating myself I come up with the followings. Feel free to guide me what you think.

1. Sell my house when lease expire and do 1031 exchange to 2-3 properties outright.

2. Sell my house when lease expire and use it to finance multiple properties (7-10)

3. Use HELOC from this house and buy 2-3 properties outright

4. Use HELOC from this house to put down payment of many properties

5. ????

I absolutely have no feeling attachment to this property. I hope to do what is right for the family and future cashflow. 

Please guide me here.

[Jerry W.]

@Naphat S. , the only thing I can add is find out what your rate of appreciation is on your current property.  If it is going up in value 10% a year it makes more sense to hang onto it and take a loan against it.  Sometimes the high quality but low cash return properties have higher appreciation.  Check that out before deciding what route you want to go.