Your cashflow is decent for the two investment condos and you have reduced maintenance there because of the HOA (but you have HOA which is a hindrance), but I would rather sell those and trade up to a multi with no HOA.

Usually the best place is to reduce debt because that is the same as getting interest paid at the rate on the loan or credit.

Obviously, with rates dropping I am looking to refinance to reduce that rate.

This will reduce likelihood of a claim and your premium

I'm considering doing it as an LLC to reduce liability.Thank you

With a half point rate reduction by the Fed, our HELOC rate was reduced by the same amount, and we've begun the refinance process.

Given the Fico on this deal, this is probably the biggest lever you can pull to reduce the total costs.

Selling would net $400k tax-free, allowing you to reduce the mortgage on your new home and avoid managing an older property.

Starting small and paying down debt can create debt-free cash flow and reduce market volatility.

However, landlords renting at those prices may be seeing increased vacancy/turnover reducing the actual rent they receive!