This  would allow me to pay down an additional $40,000 of debt, leaving more funds from the cash out refi for rehabbing a non-income-producing garden unit in another building that I have sitting there.

. $197M (15% discount).

Additionally, I added a new boiler, installed air conditioning mini splits, and refinished the original hardwood flooring throughout the house.

My question is should I sell and take the equity and buy potentially 2 or 3 additional townhomes?

I agree with everything @Devin De Lange said and would add one additional factor to consider.

In addition, investors may also seek out of state markets because their state is not landlord-friendly or the taxes are extremely high where they're from. 

What I did was to add special incentives including no pet fee and a discount on a golf cart fee.

I build the absolute smallest 2 bedroom on a stacked triplex we offer at a discount to investors in columbus ohio. that's 656 sq ft. highest rent per sq ft in our market and a popular size.

Here are some of the goals I'm planning to achieve in the next year: - Purchase additional multifamily properties - 30 units +- Start a syndication to purchase additional properties- Grow my social media presence for real estate purposes- Look into buying land and developing multifamily projects- Interested in investing or starting property management companyIf your interests or goals align with any of the above, please reach out.

In addition, the "buyer" is the county sheriff so in essence, I'm fighting a battle with a local cop while I'm the outsider!