You don't want to lose your rate on the house you are living in now unless you want to sell it so since that is an owner-occupied, you need to stay there and save up the 20 percent for the second property based on what you said.

Since you're moving out, you’ll likely lose the homestead exemption, which may increase property taxes—check local rules.

.✅ Lower Vacancy Risk – Losing one tenant doesn’t mean losing all your cash flow.✅ More Affordable for Renters – Competitive pricing attracts a steady stream of demand.✅ Built-In Community = Lower Turnover – Tenants stay longer when they feel connected.✅ Allows You to House Hack a Single-Family Home – No need to compete for pricey duplexes and triplexes!

Step three is learning how not to lose it. 

Fortunately, we didn't lose money on this property but just broke even.

Quote from @Eli Ling: You are losing over $160 a month or $1,920 a year by keeping a tenant who can barely afford the reduced rent, and he complains even though you provide pest service.

I use a point system for screening; applicants get positive points for positive aspects, lose points for negative aspects, and I have a point threshold for each property. 

So, not a good look.” reminds me of something on Roofstock site.

All-in cost of that is around $21k, and we had to get creative to make it work given the drain field site.

I just don't want to see you lose your money.