They said I'd be free and clear and account will be closed.

This would likely take coordination with a tenant at some point - (ie - plenty of notice to them that they must vacate in order for you to sell the property)Since your current home is free and clear -  you could do a cash out refi or take out a new mortgage on the new house to be able to buy your paren't house and pay off the mortgage.  

But if you can secure one with solid terms, it could be a great way to access capital while keeping the rental.If you believe in 28277’s continued appreciation (and I do), I’d lean towards holding the rental, increasing rents through strategic upgrades, and leveraging equity via a HELOC or cash-out refinance if the terms make sense.

If you are a DST investor with Crew Enterprises formerly known as Versity, and before that NB Private Capital, and have had your monthly distributions suspended I'd like to hear from you.

I also have a 12bar espresso machine available as well.We provide plenty of coffee pods in the kitchen and the master bedroom coffee bar.

I'd also talk to section 8 to let them know you are buying it to ensure you get the rent for March.

I’d rather not give up my current first mortgage rate to get cash out to renovate. 

I'd call that transparency. 

I'd spend the money on vinyl.

I'd keep an eye on ancillary properties that become available.