I’m not sure what to do

[Hedman Maximus]

  Hi BP friends, I need help with some direction or ideas. I’m in a market in upstate New York, where no one works , everyone is on some sort public assistance, tenants struggle to pay Their rent, and I cannot find decent contractors. However, I owned 6 properties with a commercial loan  , I just sold one  that was owner financed and I have 50k now. 
 

I have several ideas , 1) get rid off my credit card bills, or 2)  pay off my commercial loan which is 58k , and I would own the property outright and do a re-fi. 3)  Sell my properties and start fresh which all together I can possibly get 175k.

I do have a full time job, which pays for my car note and my sister and I just share a mortgage in New Jersey for our private residency. 
I know I have a lot going on. I’m just scared that If I hold on to this money long enough it might disappear. I just want to scale up not down.

[Theresa Harris]

How much is the interest on your credit card bills and your commercial loan?  If they are higher than the return you'd get on the money elsewhere, pay those down.  I don't understand why you'd pay off a loan though and then refinance it.

If you sold your properties and started over, what would you buy?  It doesn't sound like you should buy a rental where you live.