Got my first rent check..... Now what?!!

[Tina Acevedo]

Bought my condo 2.5 years ago on east side of Oahu. Original loan amount $379000 Interest rate 3.75% no money down or PMI 5/5 arm Current balance is $360000 roughly My tenant currently pays $1900 a month which covers my mortgage payment and escrow account. Does not cover any HOA fees HOA fees $356 a month I currently gross $5800 a month from my two jobs only. Not including the rental income. Condo value has gone up in 2.5 years Current country assessed value is $397000 I do not know what to do at this point with my money. I'd like to set up the condo on a better mortgage that would also allow me to make positive cash flow of $100 or more. I'd also like to keep moving forward towards buying my second rental property. I currently live for free with family so I'm not worried about finding my own personal dwelling yet. What would you seasoned investors advise me to do in my current situation? I have no reserves for my condo. I have no significant debt and I have a good credit score. Should I save? Should I go for a HELOC? Refinance? Aloha.