Would like to move to new primary residence and buy rentals

[Michael Phillips]

Hello all,

I live in the greater Kansas City area and would like to move to a new primary residence but do not want to mess up my plans of buying rentals. I currently live in a home that would make a good rental that I owe $35k on. The house is worth around $175-$200. I ultimately would like to start off in small multi family so not sure what I should do with this house as to not mess up my debt to income for rentals. I could cash out refinance place the down payment on a new primary and rent the old house this should leave enough money to buy one or two more. I have also thought about selling so I can gain access to the 20% I would have to leave in the cash out refi. I have yet to speak with a bank about all of this because I want to be somewhat knowledgeable of my options before having that conversation. My debt to income is very low. I make $120k-$140k/year and owe the $35k on the house and $12k on a truck. Let me know what you all think I’m trying to have all my ducks in a row by early spring time