I would only pull cash out if the property would still cash flow after the refinance.If not then I would sell the property because the dead equity can be put to better use.

The problem with 300k down is that you've effectively got "dead equity" stuck in those deals. 

The difference is while it is in the property, it is dead. 

Around here, you can't swing a dead cat without hitting a Realtor - or mortgage lender.  

Can you create a good deal from dead leads?

I believe that effect is even more pronounced for me than for other people not involved in real estate.I think this because I am pretty sure that at some point in any even minimally-successful real estate investor's life, or perhaps any investor who isn't losing her/or his shirt, the investor starts to understand that their life has become in many ways like Alice's after she stepped the looking glass.

TINA is dead I don't see free money (Fed funds rates of less than 2%) coming again unless we have another cataclysmic event, but to just buy property that you project will go up in value with ZERO cash flow while carrying all the risks just doesn't make sense.

You are just doing your job making sure all is in order and there is no injured or dead person inside etc.

@Brooklyn McCarty We have beach one south of Tampa and this is dead season.

Not sure how the dead of winter will perform.