Unique Situation, baby on the way!!

[Josh Gorham]

Excited to be here on BP! Here's my situation. Over the past 8 years my wife and i worked very hard to pay off our mortgage with the hopes of making it a rental property. We accomplished this and then in October 2018 moved out into a larger home. We only had enough for 5% down payment but qualified for a no PMI mortgage but higher interest rate (4.99%). Mortgage is $2500 with 200 mothly HOA. This is affordable based on our income. Bought the house for $407K. We currently owe $380K on this

We successfully rented out our rental property and its going great.  I started doing research on bigger pockets about 3 months ago and determined maybe paying off my mortgage on my rental wasn't such a good idea.  I refinanced my rental property with the intention of buying more rental properties.  We just closed on our second property last week and were planning on buying a third as we have $70K in cash sitting in my savings account ready to pounce on the next property that suits my needs.

And we found out we are pregnant!

So my question is...

Should i stick with the rental plan and buy a third property?

OR should i use the extra $70k and move from my primary home into a new home with a good interest rate and cheaper mortgage?  I don't have much equity in the property and was told refinancing would not be advantageous based on my situation.

HELP!  thanks!!

-JG