Welcome Mark! Grreat to have you on board..
When you are doing that calculus to figure out where your equity would best serve you, and this will be anathema to some, though you probably have already thought about this anyway: figure in some appreciation!! There. I said it. it's just that, since you're in such a desireable market (apparently--I don't know the area), that appreciation added to your ConC returns, will bolster them dramatically, I have a feeling. And if it is such a desireable place, that appreciation is probably going to stick around for awhile and keep your growth going. So it might be worth holding on longer, and possibly the rents will get crazy strong, where you won't have to factor in appreciation to see a good ConC return. Or, you could use that strength to borrow equity, and use the BRRRR plan to leverage into other properties, then refi out of them, leaving your ConC returns at infinite values!!
I still have some properties in Colorado (I'm selling one of them now), and the locations and potential upside are so strong for long term hold, I just plain hate to sell them. So if you have a decent income stream that will allow you to gather strength to buy better "cash flowers" elsewhere, I say hold tight to the ones you love and imagine how much stronger the sales prices will be in a year or two with great appreciation. Mine are hard to borrow against my equity, so I either have to suck it up and sell, or hold tight and wait. They are already just too highly leveraged.
just some thoughts.. good luck!
