Best way to get money out of property without selling?

[Andreas Blomst]

Hi all, Another question brought on by my excess of equity. I have a $350k property that is a SFR free and clear that has a 5 year rental history currently at $1700/month. Also have a primary worth $720-$750k and only a first at $470k. It has a 150sq ft studio on property that brings in $1100 a month (Santa Barbara CA). I would like to buy an other rental with my equity for around $200-250k.Any advice? Best way to do this? Stated income products a plus because I am a small business owner.