Really this might come down to you doing a comparative cost approach or a cost-benefit analysis to compare the two options, but I want to speak from my gut:  personally I'd let the first home ride out on the current financing and get the most optimized new home possible (for me that would mean it is low maintenance, checks some lifestyle boxes, and works marvelously as an investment).  

We marvel at the prevailing 3-4% cap rates in New York and wonder how anyone makes any money at all.

It is also the play for people that are looking to replace income from a job at some point.Highly appreciating places can be marvelous as long as you can afford it.

I am retired so mine is cheap my wife's plan is quite expensive but Kaiser offers marvelous care.

Purchase price: $90,000 Cash invested: $5,000 This marvelous 4 bed cape is conveniently located 2 minutes away from 690 and 5 minutes from Lemoyne.

hey @Austin Marvel, you could consider a partnership. for instance.. if you are able to put another mortgage or two in your name, you could partner with someone who would finance down payment. maybe you've already considered this, but utilize lenders!

So we found a damaged duplex in a marvelous location, but the thing could be declared a biohazard.

So I used a different title company who did a marvelous job, to close the deal.

@Leigh Ann SmithI googled Marvel, TX, and it looks pretty far out from Houston.

Don't want to bust your bubble - - you did a marvelous job - -but having lived in SoCal almost all my life, I think you've got a Bungalow, not a Craftsman.