To sell or refinance an existing rental

[Sheena Varghese]

Hello,
Looking for some advice.

I have a property that has poor cash flow ($50) after all expenses and reserves are considered but it  has good amount of equity in it. It's a 2600 sqft home in a nice area but the schools are not the best so the renters I am getting are multifamily situations. I was thinking of either selling it or taking a line of credit on it to buy more properties and still rent it out without any cash flow but I will still have the property. Any suggestions/thoughts? TIA!