Use 60k SBA EDIL Loan to pay off single fam & +$1000 cash flow?

[Lyle Burlingame]

Greetings,  

I qualified for a 60k loan from the SBA related to the economic disaster to help my businesses.  I own a nice single family home  built in 2009 (my first investment) and a 4plex, in the Fargo/Moorhead area in the Midwest.  I only owe 57K on my first home, and right now I'm not really cash flowing on it, just paying down $1400 a month and renting it for $1600.

I'm living & Renting in California and unless I can use that money as a down payment on a house hack out here in Nor Cal(which I don't think I should do and don't think I can even do that legally) it seems like it makes sense to pay off my first house so I can actually start cash flowing on it.  The payment on the SBA loan is about 375$, that would add +$1000 to my cash flow if needed and I could still continue to pay the house off aggressively, while I decide if I even want to make the commitment to buying in California. 

If I do buy in CA it will probably be in a year after I have some success under my belt in a new job and have a more clear idea of what is going on in the world and with this damn virus.  Hell I may decide like many others to get the heck out of California and have some more freedom and keep some more of my hard earned money. 

What do you all think?   Thanks for your help!