Going to cash out refi a SFR, now what?

[Sam Bromano]

I'm going to cash-out refi my only rental property since it's appreciated very high but the market here is starting to turn and will drop, I want to do it while rates low and when I can get maximum value. In fact, it appraised much higher than I figured during the refi.

My issue is.. now what? I'm not sure that I want to buy another physical property, though if something amazing came along its nice to know I'll be in a position to grab it, though my knowledge of the market is not great (I got lucky w/ the first). I'd be OK w/ 1 more, but not looking to go crazy BRRR. I've been considering crowdfunding, but I want something that provides the tax benefit and potential future sale.

Has anyone been in similar situations? What'd u do?