Looking for advice on what to do with the income from first prop

[Cody Wojasinski]

Hello all! Not sure if this is the correct forum for this, just looking for advice. I am moving away from Florida and have to opportunity to turn my first home into a rental / investment property! Not by choice either, id have to pay a ton out of pocket to sell it. Any ways, should I take the income from the property and pay on principle to eventually be able to refinance and turn it into a higher income property, or better be able to make a profit off of a sale down the road and invest that into properties in the future? or take any income and save it to put towards a second rental property from the start? Im looking about 120 a month in income from this property. Any advice is greatly appreciated! Thank you.