Should I sell or take out equity?

[Chip Chaunamom]

Hello everyone. I'd like to get some thoughts on whether it would be best to sell our rental properties and sit on the cash and wait for other opportunities or keep them and take out the equity to have in hand for the same purpose. My wife and I have been fortunate and lucky with timing to be able to purchase a handful of rental properties during the downturn since 2011. In total we were able to purchase 10 condos and one two family property. We sold most of them and currently have 3 condos left. Those condos have about $100,000 each in equity, while the mortgages amounts are far below the rental amounts.

Thank you.