Using my paid off home to jumpstart rental property Investing

[Andrew Kutscher]

Hello BP,

I'm writing here in hopes to weigh my options and get some advice from those who have more experience in rental property Investing.

I currently own a duplex, and the rental income has made it so I only pay about $400 a month for the home I live in.

Luckily I have been blessed with a raise at work along with a bonus, and with these things I will be able to pay my house off completely in the next few months. 

Once the house is paid off, I will have 0 liabilities and actually have a positive cash flow coming in off of my duplex rental each month of $370.

I say that to say this, I want to use this paid off home to jumpstart my rental property investing. The home is appraised at $140k.

So far the options ive weighed are:

1. Sell my home and use the $140k for a down payment on 6+ unit rental property

2. Stay in my home, save enough for a down payment on a 4 unit property.

3. Rent my home, buy another duplex and house hack

4. Use a HELOC..

These are all the options I came up with so far, please share what you would do in my situation and what my best option would be!

Thank you everyone!