What would be your next move?

[Henry Peñate]

Hello everyone,

I’m looking for input on approach to keep on investing. Been renting out previous home for 2 years but besides knocking a bit off principal , all profit has all gone to repairs.

I’m currently renting out a home (Owe 110k , appraised at 250k) recently got taxes raised up ($400), making my mortgage payment $1667 and currently rent it out at $1879 (will be raising to $2067).

In the current home I’m living in (owe 200k , appraised at 280k) looking to rent this one out as well.

I’m considering getting a Heloc on the rental which I know would raise my mortgage payment up but I would renovate current home for higher rental value and also get some repairs done (AC in both being #1 priority). 

What strategy would investors recommend? I’m open to any thoughts!