I'm trying to decide between getting a Home-equaty Loan or Refinance a property that I have to raise money to use it in a next investment.

The alternative for me was not to buy the properties and make nothing.you always run the risk that they decide not to renew.. this is what took down so many investors in 08.. when all banks decided NOT to renew.. keep that in mind.. not predicting it or anything like that .. but a note due in 5 years is due and its the banks discretion to renew.. not an obligation to renew.

My original thought was to keep it as a condo for now because that left us with the option of selling just one of the units if we ever decided we wanted to, but then if we decided we wanted to mortgage it or sell the whole thing, we would convert it to multi-family.  

Its kinda simple math to decide the best approach.

I am trying to decide if it is time to sell my 1st (only) SFR Rental. 

If you decide to go let me know  I may be able to get some discount codes for you. 

I would like to purchase them before the bank decides to put them on the market or go fix them up before selling them.   

Yea its definitely been a mental jump to make the decision...but it has been decided 😉Thanks everyone for the thoughts and advice.

Upon further though I decided to wait to increase rents until I had improved the property more sufficiently.

Ive decided to start real estate investments but Im not sure where I should go from here.