Personal Home Equity Strategy

[Stefans Freibergs]

Hello newbie here,

I would like to use equity in rental property to buy a home in my new city. I am trying to determine the best strategy to minimize my tax burden/maximize overall assets. For right now, I'm assuming I might want to use as much as $75k in equity towards a new house.

~$167,000 equity in condo with $200 per month rential income cash flow. The unit has been rented out for more than 5 years and is very low maintenance. I'd prefer to keep it if I could save money doing it. 

$60,000 student loan debt at 6.5 percent interest

Currently rent a house at $2,700 per month in a different city 200 miles away from my condo.

I am open to selling, HELOC (if possible), home equity, or any other suggestions. What is the best route?

Thanks so much for reading!