1st post how to expand

[Cabell Hatchett]

I have 6 rental properties and have private financing on 5.  I have about $250k equity in the homes.  Problem is the cash flow.  I have loans of roughly 1.3 mil and the purpose was to buy the homes and sell as the market turns.  I pay 5% interest only and they are in the best parts of town, Richmond, Va, and schools.   They cash flow well with interest only but wont with a conventional loan. I am currently at 99% financed.  I will have some money to put down on the homes this year. Any thoughts should I refi and see about using the money again or should I take my cash and buy a few more houses in a lower price point out right.  I am trying to expand the business and I started with no money.