Opinions please, when to SELL, 1% rule

[Steven Westlake]

 I have a 3 bed, 2 bath, 2 car in Houston, Texas. Current market rent is about $1450 to $1600, taxes are 2.65%, insurance is $100 monthly. A flipper just sold a similar house 4 houses west, same street, slightly less updated for $224,900. So my $174k taxes appraisal will rise come January. 
Fyi, i have already partly BRRRRed this one. Including remodeling and cash out refinancing, so I have zero of my money left in it, but thinking I should move the equity, approximately 85k after expenses on to a 1% property. In fact I already pulled out about $15k above my cost out, I have owned this 11 years. Please shoot this down if you can, or back me up. Thanks in advance.

[Victor Ong]

Originally posted by @Steven Westlake:

 I have a 3 bed, 2 bath, 2 car in Houston, Texas. Current market rent is about $1450 to $1600, taxes are 2.65%, insurance is $100 monthly. A flipper just sold a similar house 4 houses west, same street, slightly less updated for $224,900. So my $174k taxes appraisal will rise come January. 
Fyi, i have already partly BRRRRed this one. Including remodeling and cash out refinancing, so I have zero of my money left in it, but thinking I should move the equity, approximately 85k after expenses on to a 1% property. In fact I already pulled out about $15k above my cost out, I have owned this 11 years. Please shoot this down if you can, or back me up. Thanks in advance.

I think what you are facing is an opportunity cost dilemma. I would suggest using Discounted Cash Flow model to compare: Hold/Refi, Exit/Buy New. Since you are holding for long, I would use 10year vesting and assign a discount rate according to your local market's appreciation rate/yr. After you plugged in all the number, it will tell you which approach is more superior: take the cash today or collect them for the next 10 years.