It is very hard to get qualified for a new loan these days, but if you can get one why not get a loan on your personal residence and considering purchasing another rental home, since your interest rate on your rental is very low keep the existing loan. Also, if you can qualify for a new loan, why not get one, since current interest rates are low? I just purchased a house for $60,000 and it pays $1400 monthly rent.
I would first talk to your tax adviser, then call a loan officer to see if you can qualify for a new loan on your personal residence. Use the funds to purchase another rental with cash, under $200,000 with high rental income.
Note: I have lived and worked in Folsom since 1986, we might be neighbors !
Nancy K. Fard