Should I cash out or hold?

[Walter Fabiszewski]

In these uncertain financial times, what are you all doing with your real estate portfolios? I have a friend of mine who is a pseudo-mentor who keeps telling me to liquidate a few of my properties while prices are so high so I have cash for when the next wave of great deals hit. I only have four rental units right now and my ultimate goal is cash flow. However as Robert Kiosaki states in Rich Dad Poor Dad, the key to success is just like the game of Monopoly (four green houses…one red hotel). I’m currently generating a modest monthly cash flow, but wonder if it would be smarter for me to sell one or two of these units and have the cash available to pounce on the next great deal that comes across my path. I currently live and invest in Pompano Beach, Florida. I would like to get out of the condominium market and more into the single-family and multifamily house market. Any recommendations on how to take my portfolio to the next level?