Selling First Rental w/$1700/mo Income Do I Reinvest?

[Tracy Mattox]

I'm selling my primary home which has a $1700/mo income producing rental used for MTR/STR. Will have substantial 6 figure equity to reinvest.

Thinking instead of just buying another primary home, I will find something more affordable to BRRRR or Home Hack into another rental using as little down as possible and then perhaps purchase another rental or two. I am on a fixed income and want to reduce my debt on this home and I have a lot of equity in it.

I'm thinking it might be wise to invest into the rental market and live in a unit for now and then buy a primary later on. I have been renting my basement apartment for 2 years now and avg $1700/mo. So I have experience at being an MTR/STR landlord. Haven't done LTR though, I like that the tenants are new, fresh and employed so far and haven't had much incidents. I imagine I am making rookie mistakes but am learning as I go.

Any advice or suggestions on what to look for? What would you do if you were in my shoes?