Should I Cash out Refinance!?

[Lawrence Paul]

Hello again, BP Member.

Just wanted to come and get your thoughts on three properties that I own and was thinking of doing a cash out refinance:

Two are investment properties that have had their value skyrocket and one is my primary that I will eventually move from and rent.

I am roughly $200 under current market rents on my two investment properties (Same lease for three years).

Property 1) Purchased at $110,000, owe $40,000, rough value $175,000.

Thinking of doing a cash out refinance and will still cashflow around $250-275 on the door after raising rents.

Property 2) Purchased at $120,000, owe $90,000, everything else is identical to first unit.

Primary ) Purchased at $167,500, owe $128,000, rough value $210,000.

When I move and rent the unit would cashflow around $200-250.

Should I pull cash out of all three to buy more? 

Will prices comes back down? (my area SE PA is seeing very high prices right now).

Should I just pull the $40,000 out of my primary to pay off property #1?

I honestly want to scale, but this would be a huge step for me and I am slightly nervous and do not have any mentorship.

Any help is appreciated!