i've got money problems

[George P.]

i purchased a house for 57k 13 months ago. put around $25k in it (labor and materials) and rented it out for $1275.

it was appraised 2 weeks ago at 125k. I am trying to get as much cash out of it as possible and found a lender that can do 70% cash out refi on a rental property. net cash out would be around 80k.

here's where the problem arises..

1. nothing under 80k these days. those cash flow very little at around $1100 rent
2. do i put it in the stock market?
3. do i pay down my other 6-7 mortgages that have ballances between 35k-122k and apr between 4-5.875%?
4. wait for the winter and hope that the prices would drop (unlikely).