rent coop or sell it

[Lily Ochoa]

Hello all! I owe a coop apt in Woodside, Queens area we are allowed to rent it out for about 2100 a mth almost paid off bal on mort is 99k would love to keep it and rent it out for loan to pay its self with renters but am in need to purchase a single family or mult family but not sure if I should use equity on coop or if I can use a PML for house and keep coop with mort. loan payment of 556 a mth which is super low. If I do ref it will go up higher and start clock over again! Any advice on what route to take would be helpful - not sure if I can do a PML on a coop ? A one family home would be in the range of 800k-999k Thank you !!!