2 SFHs, looking to move to MF. Sell or Refiance?

[Jonathan Ard]

Currently I have two Single Family rentals, both were primary residences at one point. They cash flow $587/month together. There is probably about $30k each in equity. I am going to focus on 5+ unit multifamily next. I only have about $20k available for new investing. Should I refi and take some equity out to get my next bigger deal? Or sell? Or keep things like they are and just shoot for a deal where I don’t bring cash to the table but work with some investors who’ll provide all the capital I need. Thoughts? Houses are in La and Ga so neither are local to where I am currently.

-Jonathan.