Trade cash flow for capital?

[William Wilson]

I've got some equity in a rental, and I'm looking to scale up and buy more property. I can refi the rental and raise $30,000 cash. That would reduce net cashflow (income after all expenses) from $262 to $127. 

What do you think? Is it worth loosing the cashflow for anther deal?

[William Wilson]

Thanks for the feedback everyone. I'm proceeding with the refi. Another new deal will make up for the cash flow loss and multiply tax and equity benefits.