Equity from rental- Question

[Kristin Carter]

First post in BP!!!! We are so happy we found this resource!!!! BACK-STORY- We own a house and 5 acres right outside Nashville (our home- with a mortgage). I am an only child. We recently bought the home and 6 acres next to us for my aging parents. Their old house is in my name. We are using the old house as rental property. Our rental home is mortgage free. The income from the rental home is paying for the new property next door. What is the best way to use the equity from the rental to buy our next property? We have about $30k in savings. We would like to hold on to that if possible. Please advise us on what to do. We are VERY NEW to this. We eventually want to buy a multi-family property (or multiple). Should we do a HELOC on the rental property? Please adivse.