Would love some advice on next steps

[Aileen Ouyang]

Hi all,

This is my first post on the BP forum and would love to get some advice here. Thank you for engaging!

I own a condo in Apple Valley, MN that is currently a long-term rental property. Currently evaluated at 300k. I owe 180k on it and it is cash-flowing $200/month. I will be able to pay it off in 13 years (2.3%, 15-year conventional loan). My primary home is a townhome, 380k, and I just bought it with 20% down and moved in a month ago. It might have appreciated some since I moved in since I got it at a discount and I just saw the builder listing the same floor plan now at around $400,000. 

I have some 401k and emergency savings that I don't plan on spending for my next investment property. and the amount of HELOC that can be pulled from my current property is pretty limited. In your opinion, what would be a reasonable strategy to consider if I want to acquire my next investment in the next couple of months?

Thank you!