Sell or refinance

[Jesse Hargrove]

Question:

I have a decision to make and would like input from experienced investors. I purchased a SFH 3 years ago. It has appreciated 50,000.00. The tenants are long term tenants possibly willing to stay 10 or more years. The home is within walking distance of the school for their children. My property manager has confirmed their desire to stay long term. My first options is sell and reinvest in 2 more homes. Down side is losing great tenants and paying commission for home sale. That would bring me down to 38,000.00 profit. Second option is taking a non-recourse loan and purchasing another home with the money. The non-recourse loan is my only option because I have a self-directed IRA as partial ownership. Any advice would be appreciated.