You may want to look at alternative investments if you can tolerate a certain amount of risk.Emergency reserve: Prior to using money for investments or extra mortgage payments, make sure you have a sufficient emergency reserve.Expert Advice: Speak with a financial advisor who can offer tailored guidance according to your objectives, risk tolerance, and financial status.Even if paying off your mortgage sooner might result in interest savings, it's important to evaluate your entire financial situation and take liquidity and prospective returns into account when making investment decisions.

If you have the equity, great, if not, then hopefully you have sufficient W2 or personal income to qualify both properties with out rental income (basically 25% equity in the vacated property is Req.'

@Kyle Smith Sounds like your property is a winner on the surface...and great ROI @ ~50%When considering ROI, I would also consider some contingency for ongoing repair/maintenance to keep your rental in sufficient shape for your market.Way to go on the deal  :)

While you may find a single planner that can sufficiently model your retirement cash flow needs, you are likely to find that a whole lineup of planners / advisers can best serve you in sourcing the broader spectrum of alternative asset classes.Due diligence and sourcing is simply a bottle neck for anyone.

  $500 per month cashflow helps you ensure you don't lose the house, but it's difficult to get RICH off of $500 per month--that's where you need appreciation...ideally, you want a portfolio that provides sufficient defensive cashflow, with enough offensive appreciation to allow you to hit your wealth building goals.Good luck out there!

So, depending on what properties cost in the land of Bucky (My neighbor played hockey at Bemidji), you may or may not have sufficient capital for rental property investing.  

My job is based in Dallas so that’s sufficient for buying it as my primary residence with less money down provided I rent out my first home.

@Mary Simic I've walked through a few of their builds, the quality is easily sufficient for long term rentals.

Depending on your income your DTI may be sufficient to support you primary home and a second home. 

Hard Money lending is more expensive, however it may be necessary to use if you do not have sufficient funds to self fund your purchase and rehab.