While you would extract more equity through a sale the costs are a lot higher with commission, closing costs, and 1031 exchange fees.  

You see, you offer few answers that, until answered, we can't give you a meaningful  response. 

Hey Maria,If you put together a rough business plan with timelines and goals we can comment on it.If someone asks how to do something, it's hard to figure out the background and capabilities they bring to the table.On the other hand if you ask: "I have this opportunity and I can do A, B or C but I'm inclined to do B because blah blah blah"Now you'll get meaningful feedback!

Your credit should not take a meaningful hit from being pulled again for the rental property.

Still a good way of extracting the cash you need for less than what HML would charge, if you have large enough credit limits. 

I joined multiple mastermind groups this year that meet weekly, and have felt myself physically change in terms of mindset and have created some very meaningful & local relationships that are much deeper than others that I have had in the past.

Figured it’s going to be hard to get a meaningfully better rate next time I want to refi, but perhaps still worth it to take cash out to go invest either in more real estate or the stock market.Thanks in advance!

Someone appears to be in here to extract whatever they can from this incident :(  Many thanks!

I've been hanging out on the website & listening to the podcasts for quite some time now just soaking up information, and thought I'd finally take an action that will actually begin to help me build some meaningful relationships in the industry.

I hope to learn more, build connections, and eventually be able to help and contribute meaningfully to discussions.I'm looking forward to learning from, and partnering with, other members of Bigger Pockets!