How to use DSCR loan to acquire more properties

[John Wallace]

Here's my situation:

I have 2 rental properties.

The First is in Crestview FL with a long-term military tenant.
Cashflows ~ $800 monthly.
Mortgage is $180k. Home is worth $330k

The Second is a Townhome in a student housing development called The Timbers in Tallahassee.
Cashflows ~ $1400 monthly
No Mortgage on this. Home is worth $190k

Here's my question. I have been considering a DSCR loan on the Townhome to get some of our cash out of it.

Given my situation, how could I use that... to expand my rental properties? It seems like I could take $120k or so out of the Townhome to then use it as a down payment on another one or two.

Can I get another DSCR loan on the next acquisition?

Anyway... this is a VERY passive part of my life. Both properties are under property managers. They do everything.
But I have a sense that I'm not making the most of it and that I could potentially grow my portfolio if I made better use of the value in these properties. What recommendations do you have? Thanks in advance!