A second mortgage or HELOC might allow you to unlock some funds without losing the 3.25% rate.- I recommend avoiding condos. 

If so, this would be a huge unlock for someone wanting to split their property and build a second home.

Compare that to the performance of a new property (with that equity unlocked but also with a different interest rate as @Katie Ripp said).

All of the rooms should have locks on them (and they shouldn't unlock unless the correct code is entered) and if one of them picks a lock to go in a vacant room, that should be automatic lease violation and eviction. 

There's a decent chance that if you have good credit and improve your DTI over the next year, you can put a Heloc on the property while it's still your primary to unlock some of that equity if needed.

In addition to this, I've had 2 clients this past year tell me they used Airdna in '22 and '23 to see projected and estimated income and was drastically different than actual income made with very comparable properties. 

You might be surprised with the amount of "trapped" equity you have in your current properties that you might be able to "unlock" to finance your next property. 

My partner and I have been living in Dutchess for a few years, and are moving a bit north for his work, and are excited at the real estate opportunities this also unlocks. 

So you just need to look at that additional $2000 - $3000 of interest each year as really being 1000 - $2000 of total new expense to your after the tax deduction.3.  

By August 2023, I packed up my introverted self, moved to paradise, and two months later—BOOM—homeowner status unlocked.