WE are cash flowing in current state ~$1,500/month after we renewed 2 of the 3 tenants on long term leases during due diligence.

If you cash out your current equity, you will be borrowing money for the down payment.

Currently, all of our properties are owned in an LLC  but I am concerned that the legal protections of the LLC are not as solid as they once were.

Love to share anything I've learned about the market and in my current portfolio. 

If the current trend in declining rates continues, analysts expect even more homeowners to consider refinancing to take advantage of the lower rates.5.

Also, my current "room mate" has expressed her interest in renting my primary residence entirely so I think that's a smart option. 

Should i refi my units which will kill my current cashflow and impact my reserves?

To give you a bit of background, I know very little about bookkeeping beyond managing my budget for the last three decades (ugh), so this is all pretty new to me.Here’s my current setup:I’ve had a property management company using AppFolio to handle the heavy lifting – rent collection, owner distributions, expenses, and the whole shebang.

Most properties over there get snatched up really quick since they are in good school districts with low purchase prices and you don't need to do super nice finishes to get top of the market rent or ARV. 

Which currently does not have a renter due to Power company messing up the yard and sewage system.