However, the money I’d save by not paying $3500/month mortgage is $42,000 after 12 months – thus recovering the money paid on the capital gains tax.QUESTION: would you advise selling the rental to pay off the new home and take the $1400/month rental income loss (and gain $3500/month savings) or would you advise keeping the rental?

My wife and I are both teachers and I also coach three sports to help make more money. 

Thanks.Why are so many wasting their money on courses.

But they are very cagey about how they make money.

They have worked for money and appreciate it. 

Up to this point I haven't shared with the homeowner the exact amount of money I stand to make on it -- only that I have options to profit off the sale.

Is there anyway to get rent money same day?

That's if we're thinking strictly Houston, but for such a budget I'd put that money in a diff city or diff investment vehicle.

@Trevor MorrisIf you are looking to do value add renovation for your next investment, a HELOC seems like a great move. so long as the other investor is okay with loaning out the HELCO money as well. 

Aggressively pay off the mortgage and save a lot of money on interest.