What's my next step?

[Veronica Powers]

I'm looking for some advice as to which direction makes the most sense going forward.  I have three SF properties; one I live in and two that are rented.  One of my rentals I have owned since 2001.  I only owe approximately $50,000 on it and current market value is around $150,000-$160,000.  My question is "Do I refinance and buy two more SF or small MF properties, which essentially lowers my cash flow on that property?"  "Do I sell it and use the money to buy a small apartment building?" Or "Do I pay off that property quickly, move into it, and live for free?"

Any advice would be greatly appreciated!