Cash Out Refinance Investing

[Nathan Frost]

Hi, I am trying to see what has worked for other investors and which strategy seems smart.  I have lived in my primary home for 10 years and could cash out 40k to buy 2 more rental properties locally.  Or should I look at my portfolio of 9 properties and see if I could cash out on those to buy 1 more property?  Most of my single family home rental properties were purchased in 2020 and 2021 so I don't think there is a lot of equity to pull there.  Wish I could use of my rental properties/equity as a down payment for my next rental purchase.  Any tips or advice is warranted.