911!!!! Please help me with this decision.

[Elijah Jamerson]

I MUST move. Emergency situation. Needs 2 b in a year. 18 months tops. I have a primary and a rental.  Pretty much broke. My plan is to pull $ out the rental and refinance it into a conventional. And refinance my primary into conventional. This way I have the cash to buy wen I'm ready 2 buy. And my mortgages would be lower 2 maximize my rental earning potential. In a perfect world, I would b getting $800 in rent money coming from South Carolina while I'm in North Carolina (my destination). Virtually paying my mortgage in my new home. Rental was 81k now 58k. Appraised @ 120k. 5.3% interest. Primary was 187k now 170k. Appraised@ 220k. 3.7% . Both fha. Is this a good idea. HELP!!!