Refi a rental to cash out but go negative cashflow?

[Sam Bromano]

I have a SFR that I put down $50k on about 10 years ago. It's been cashflowing $500-$600/m. I have the opportunity to cash out refi now and receive a max of $180k cash out after fees . That would put me negative $150/m in cashflow though. However, I could purchase 2 more properties and be at $1200-$1500/m net cashflow after all work and rented out

I’m confident I can increase the rent ok the first and make back that $150/m so it’s neutral in 1-2 years too.

Is this not a no brainer? Does it matter if one property is in the negative if the portfolio is positive?