Cash out refi or Sell while market is high?

[Chris P.]

Good morning BP. We're looking to expand and up against a decision to refi or sell. We have 3 SFRs that we are debating on doing a cash out refi or selling for a down payment on a larger MFR.

If we refi we will still have 3 cash flowing properties and won't be on the clock for a 1031exchange and have a robust down payment available.

If we sell we're have a larger down payment. Will be on the clock for a 1031 but will have less roofs to worry about.

What other things am I missing?