I think there's a time to either cashout refi or sell but that is when you've accrued enough equity to parlay that into two more properties (which usually take about 5 years or so depending on the market).  

@Susan ManeckIf they raised the minimum wage rents would increase. 

If you've taken the time to look at the house, then you might as well parlay that time into a shot at a deal.

Our LLC that develops the projects and buys the real estate is Parlay Investments.

Would I be able to quickly parlay equity from an initial property into a second one or will that be a bit time consuming?

Tinkering with Child's play George P. would you care to wager whether a licensed Plumber, say @David Doyle would be able to tell if you or a licensed Plumber did an installation?

I’d wager most people will tell you about their blunders.

I wager I will hear from no one.

In fact, I'd wager that your 401(k) was, on average, seeing the same returns if not higher.

I would wager it's arguably the top state for cash buyers, I know Mississippi is there.