Cash out versus income

[Peter Morrissey]

I am doing a cash-out refi on a couple of duplexes that I purchased with cash. It went well and I got very good rents and tenants. The appraisal also came out very well. I am buying for retirement income and my dilema is that if I finance the full appraised value, I will get more cash back, but I will also have less annual net income.  Cash on cash is very important to me and that will be very good either way. I know I always hear not to leave equity in the property which makes sense, but I also like the idea of having a higher income per property.