4 plex within short distance to college and centrally locate it.

[Alfredo Rodriguez]

Recently bought this fourplex (4 units) well locate in Tampa Bay near the stadium. All units consist of a 2 bedroom and 1 bathroom. Full living room, small dining room space and a full-size kitchen. Property is in need of a few cosmetics repairs as well as an installation of a central HVAC unit. Previous owner kept it in good overall standard however it needs to be updated to make it looks awesome again, based on industry Airbnb standards. We would install laminated floors throughout it. New kitchen cabinet, updating light fixture and plumbing fixture, new tile, new bathtub, freshly texture and paint. With beautiful tile work in bath, new bathroom cabinet. Hardwood kitchen cabinet, and new granite countertops. New light features and plumbing features. 
After all rehabs set and done in 4 units, we will have used of our money around 20k per unit since they are small around 80k rehab budget plus around 200k acquisition. 

We bought this 4 plex and have a substantial amount of cash in this deal which implies a lower monthly payment. Each unit has 2 bedroom and one bath. Also, a full kitchen with access to a small private back yard or patio. In this area Airbnb will get at least 100 dollars per night maintaining a 95 percent occupancy rate based on similar properties in the area. This portfolio can contribute of a potential monthly income of around 10k. My question on this post is?

Currently monthly payment is P.I.T.I around 4k a month on a 7.5 % fix interest rate for 3 year, after 3 year immediate pay off or refi balloon rate non-QM loan or private money. No pre-payment penalties looking to refi right after the rehab period. 

Should I find a way to cash out and get at least 200k invested back to reinvest (liquidity) or keep the convenience of a lower monthly payment when I refi?