Finance Strategy Question

[Joshua Sclafani]

BP, I'm looking for some advise. I purchased my first investment property this year and want to add more properties to my portfolio (ideally MFRs). To add to my liquidity I want to free up some of the equity in my SFR but am unsure if a LOC or cash-out refi is best. I'm leaning towards a cash out refi because my rate is currently 4.5% and I'm hoping I could get a lower rate on a 30yr and I'm not sure what restrictions may come with a LOC. See the link below for my BRRRR analysis. Any and all input is appreciated!

Actuals on Property and BRRRR Analysis on second tab