Help with direction/investing

[Jordan A.]

Hi so I’m really trying to figure out the best way to expand my portfolio and generate cash flow without going over my head. 

I own a STR in the desert here in so cal. Bought less than a year ago and will come out with 80k+ Net profit. It's on the market now.

I have a home I purchased to live in earlier this year for approx 1.2 mil. Have about 350k cash equity and the home value is probably about 1.4mil now. About 500-600k in value if I sell it now (which I don’t want to). I’m renting the house out for 6500 (my mortgage is 4500) so I’m getting about 2k monthly from it. 
I want to get another property that will generate me about 2-4K monthly. 

Should I put 70kish down on a home and just rent it out like I'm doing with the 1.2 mil home? I don't want a HELOC or cash out even though I can do it because idk what to really do with that much cash where I see it justifying a more expensive mortgage.

Can someone point me in the right direction? I’d like to invest here in so cal and continue building a portfolio here. 

Thanks