I just depends on if you want to be landlord. If that is your preference, you should keep them. If not, then just sell. Since HLS is the expert, I don’t want to pretend I know everything about lending. From my limited experiences with lending, it seems like borrowing such small amounts on two properties, will result in too many fees to be worth it. If both properties appraise at 120K, you will only be able to pull out 90K. I’ve done this a few times, but usually pulling out 170K on a primary. It was worth it for what I was using the money on. Once was to buy another primary to avoid PMI.