How to continue??

[Lamar Quinn]

Good afternoon BP, First of all- I absolutely love the online community and listening to the podcasts. I've learned an enormous amount of information from bigger pockets and I'm ready to break away from analysis paralysis.. I'm a relatively new investor and seeking advice on how to add more rentals to my portfolio. Long story short, I currently have one rental a townhouse which is completely paid off. It rents for $1250 and nets $800 after all expenses. I have had the same tenants in place for two years now. I have a nice reserve in the bank and me and my wife both work and effectively manage our budget. The question I have is should I do a cash out refi on my rental and attempt the BRRRR strategy? Or should I continue to ride the cash cow rental and just aim for 20-30% down using my cash reserves? I've been very conservative and originally planned to buy houses for cash one at a time, but I'm beginning to think that strategy may be too prolonged, as my goal is financial freedom. Any advice would be greatly appreciated. Thank you, Lamar