Refinance, 1030 or Pay Caitak gains

[Fred Langley]

I'm new to BP, so if this is not posted in the right forum I apologize.

I currently have an investment condo in downtown Denver, my Principle Balance is $161k, and the value is roughly $300k. 

-P & I $969.87

-HOA $358

* with Internet/Power my cost is $1408

* it's been rented consistently for 3 years w/ 2 different renters @ $ 1750 per month

* Cashflow $341

**I BELIEVE DENVER MARKET IS OVER VALUED; Gut tells me to get out...properties in my building are selling in hrs/days

I want to invest in more properties (looking for cash flow for early retirement/Detroit, Huntsville, Cleveland, Indianapolis, etc) and am wondering your opinion on the best strategy:

-refinance and pull out some equity, but keep payment the same?

-1031 exchange

-sell and pay capital gains

-other advice

Any help would be appreciated,

Fred

[Fred Langley]

I'm looking at a 6 unit place now, but we're far apart