Seeking advice on best maximizing my rental properties

[Ian Russell]

Maybe I need to just hire a financial planner but thought I should come here first.  Trying to figure out the best way to maximize my equity in my investment properties.  Some of them are getting on the older side but have good equity but I just seem to be making bigger repairs on some of them which wipes out the profit for the whole year. So I will list what I have and just seeking some advice because I fell I could be doing more.  All my properties are out of state so im paying property managers 8%. Thinking of selling a couple and investing profits in stock market or just putting in high yield savings at 4.5% or potentially buying new properties with less maintenance.  Cash our refi a potential option?  Dont know much about that.  Also Im 49 years old so not into huge risk anymore but dont mind a little.  Any thoughts? or do I just hire someone to help.   thanks

1. Duplex Paid off( Washington state) Paid off- roughly worth 500k. 38,4000 in yearly rents

2. Duplex Paid off(Washington state)- roughly worth 530,000k  40,800 in yearly rents

3  Triplex Paid off (Washington state) roughly worth 500k 43,2000 in yearly rents

4 Triplex Paid off (Washington state) roughly worth 500k 42,000 in yearly rents

5 4 plex paid off (Arkansas) roughly worth 330000 31,200 in yearly rents

6 single family paid off( Arkansas) roughly worth 200k  19,2000 in yearly rents

7 Duplex (Washington) owe 60,000  worth 450,000 mortgage (900 dollars per month)  (taxes insurance included) 38,400 in rents

8 Duplex (Washington) owe 80,000 worth 450,000  mortage (900 dollars per month tax insurance inclueded) 39,000 rents yearls

9 Duplex(Idaho) owe 80,000 worth 430,000 mortgage (900 dollars per month tax insurance included) rents  36,000 rents yearly

10 Single family(Nevada) 0we 280,000 worth 700,000k mortgage ( 2000k per month tax insurance included)  rents 37,000 rents yearly

[Ryan Blackstone]

You could: 
1. Pull a line of credit over all the properties and invest that in the stock market or other investment properties. (I do this and flip more properties.)
2. Sell off half and pay off the other half or so which is probably give you more cashflow now, but less appreciation over time. 
3. Sell all and reinvest into some new constructions in your area that you can manage. This eliminates the PM, and hopefully a lot of the cap ex, but you will shrink your cash flow and appreciation potential. 
4. Pull a line of credit or sell some and invest with a partner like a JV or Syndication.

What I am hearing is you are done with the growth stage of your real estate journey. What risk would you be willing to take, and what do you want the next 10 years to look like for you?