First Time Investor - With Personal Mortgage

[Vanessa Raquel Magana]

Hello All, 

My husband and I are tracking to purchase our first multifamily in Milwaukee in the next few months. We currently live in Chicago (my husband grew up in MKE so is very familiar with the city) and we have a mortgage on our apartment in. Our all in monthly mortgage payment is 19% of our total income. Should we wait and pay off our personal mortgage first before investing ? I am just afraid if for whatever reason a tenant doesn't pay or we can't find a renter if we can do two mortgages. Mortgage is the only debt we have.