I wouldn’t refi unless I use the funds to invest more not to retain my capital and let it sit and feel safe. And also refi enough so you are not over leveraged.
If you are in it for long term cash flow then I would stay put. Timing the market to me is too much stress. So much easier to ride the cycles vs thinking you own a crystal ball.
One thing you should consider is refi to diversify into maybe notes or other types of investments.
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