should i Refinance or not

[Dustin Schrag]

Hello bp. This is my first post and looking for advice. i am currently financially in a pretty good spot. Im getting out of the military in about a year and trying to figure this out. i currently have one house paid off and still owe on another. the numbers look like this: 

House #1

its worth $100,000. I rent it for $1,050 a month, my cash flow after taxes, hoa, and insurance is about $760 (conservative) a month. Ive had it rented to the same person since 2012. my rate of return has just gotten awful for it being a paid off $100,000 condo. Im wondering should i refinance it and take a loan out keeping 30% equity in the property and pull out around $65-$70k to roll over into another deal? Put it on maybe a 30 year note.

House #2

worth about $225,000. rent is right at $2,000. I have a VA loan on it but ive put about 30k into it since ive owned it. I bought it at $160,000. I still owe $150,000 on it so if i refinance it and kept 30% down on it the only benefit would be to put it in a conventional loan and let me use my VA again on another property. Currently cash flow around $800 a month on this one.

Im looking into more buy and hold but not sure if this would be putting me at to big of a risk. Trying to find my happy medium here.