Paid off rental, what now?

[Richard Durant]

Hello,

First of all thanks for the taking the time to read my question.

Here it is:  

I have a rental unit (2b2b) in Hayward (CA) worth ~$250K which got paid off due to an HELOC repayment on my primary house when I sold it.

What would you do? Just leave it that way and enjoy the yearly net profit (~$11K)? Get an HELOC just in case (if I need money at some point / lawsuit liability) and/or for investment? Any other idea?

For context: I have a primary house with a  $600K mortgage (ouch! :( ), another rental unit with a $160K mortgage and this paid off rental.

Thank you in advance