I am debating, and over analyzing, if I should:Pay cash and outright own one property?

I would debate this in court and win.

@Wayne Brooks I wasn’t trying to get into a philosophical debate about government policies.  

I've gotten to a spot in one of Brandon Turner's books where he is talking about the importance of mentors, contacts, and finding good contractors, and it's sparked a bit of an internal debate. 

Right now I’m debating between trying to sell the lot as it is to get some capital for other investments, or putting a mobile home on it to rent out. 

Therefore, I’ve been debating a cash out refi if its worth it and adding a bed and bath onto it to keep the cash flow the same or even more.

Therefore, I’ve been debating a cash out refi if its worth it and adding a bed and bath onto it to keep the cash flow the same or even more.

Nicer pillows and throws can add the wow.I've done this same thing on 2 properties, and it seems to have worked each time.I also debated putting food in the fridge and some shoes/clothes in the closets (etc) in case someone cased it out during a showing.

Let me know if I can help more on that as it is always a debated topic.   

I'd be interested in your thoughts about this: -Listing price $125k (comps show past solds are between $100k - $115k) -2 units: each unit 3 bed/3 bath ($800 + $850: total rent is $1650/month) Both tenants want to stay-Taxes are between $1750-$1800/year-Home Insurance: getting quotes between $1100/yr - $2000/yr-Good school area: Great schools show elementary/middle/high are between 7-9-in HOA: HOA fees are $40/month - go towards a community pool- property built in 2010- property management at 10% (I debated managing myself but am 1 hour away) -tenants pay all utilities-was part of a huge development that didn't get all developed, there are lots of vacant lots between propertiesMy goal is to get at least $500/month in net cash flow after all expenses are paid at and least 15% cash on cash return.