Looking for advice with selling home!?

[Joe L.]

Hello, I am looking for some tips or advice that will help me get into the real estate business. I will try to keep this short while giving enough facts for helpful advice. I currently have two homes that I have acquired as primary residences. The first home I bought I now rent out for 200 above my monthly mortgage payment. I still owe roughly 160k and its value today is 200k+. My initial thought is to sell it and pay off debt and start basically at ground zero. I plan to payoff my credit card debt of about 15k or take the profits of the sell to purchase my first investment property. I have steady tenants and I am not in a rush to sell, but just anxious to do something new. My plan similar to most people here which is to supplement my wife's income and eventually mine for the sake of our kid/family. I understand there are a thousand ways to "skin the cat", but I am looking for some feedback and guidance. REI is a dream job of mine I plan to pursue! Thank you in advance for any responses!