Freeing up working capital on free and clear property

[Ray Hackney]

I'm looking for strategies on freeing up some capital on free and clear properties. I have 3 SFR,s and one duplex that are free and clear. I also have two duplexes that I took a mortgage on with 80% of purchase price leaving me 20% per property out of pocket. Every property has between 30 to 60k of equity.

 Acquired the free and clear property's buy wholesaling and investing in rentals. I have sweat equity in each of them. 

Example: 1411 Pierce st. Paid 50k + 6k repairs. ARV is 130k leaving 74k equity.

80% of purchase price being 40k.

I'm looking to leverage some working capital to grow my portfolio. I now realize I could put 20% down on 5 properties that rent for $1,000 a month instead of 100k in 1 property that rents for $1,200 a month and expand my portfolio with a higher ROI.

 I've recently been doing a lot of research on the loan process including reading chapter 6 in BP. However, I'm still struggling with what strategy would be best to free up some capital and pull out more than 80% of purchase price. 

 I would greatly value anyone's opinion on this situation. 

 Seriously, 

 Ray Hackney