Getting 2 paid off cash flowing properties- what next?

[Jeffrey Richard]

In a buyout I am receiving two cash flowing properties that are with section 8 tenants- currently cash flowing around 20K a year.

They are worth about 200K total. 

I'm wondering what the next step should be.  Refi? What til rates/prices drop to refi? 

Sell them and put a down payment on something bigger? 

[Remington Lyman]

Quote from @Jeffrey Richard:

In a buyout I am receiving two cash flowing properties that are with section 8 tenants- currently cash flowing around 20K a year.

They are worth about 200K total. 

I'm wondering what the next step should be.  Refi? What til rates/prices drop to refi? 

Sell them and put a down payment on something bigger? 

 Have you owned section 8 properties before? If not I would sell them and 1031 into something nicer unless you are looking to own cash flowing properties