Without extracting equity out, these markets would have cash flow far in excess of the cheap markets that initially had better cash flow but historically have rent increases that may not even keep up with inflation.In general, when property appreciates the rents increase. 

People are far more interested in the value and extracting what they can.

Sure, you might be able to extract more value from a condo conversion, but on the flip side you are taking a significant risk, as not you have to think about and cater to the buyer, which is very different then the clients you are current catering to.Just my 2 cents.

If you can get considerably better than 3% on a new deal, it may make sense to extract that 200k and move it into a new deal. 

SEO takes several months to produce results, and the process can be slow and costly.Google Ads, on the other hand, doesn’t require data extraction like calls, direct mail, or texting.

Shoeboxed lets you snap pictures of paper receipts, extracting data and syncing with accounting tools.

The issue is in my market, and most other markets, the property is cash flow negative after the as high as possible LTV Refi t extract the added value.  

I do not believe I have mineral rights on any of the properties I own, but I share in mineral rights on property that I do not own and have active extraction and receive 2 monthly checks (different operators).  

I would def say sell for another property and extract the entirety of your equity if the ROI on this property is going to drop below your target number and you can do better elsewhere. 

Figure out how to extract data from public records, if that's possible in your area.