Thank-you for the update below.
If you need to put more money in your pocket now, have you considered a re-fi :NOT to take money out, but to get a better interest rate and have a lower monthly payment because of the lower principle balance.
If you will need more income down the line, you seem to be less than 10years from paying it off, adding more principle payment would accomplish that faster. Talk to your tax advisor
Also you may want to invest in a home warranty to cover those items that are going to start to need replacement- companies include American Home Shield, Old Republic Home Warranty, Fidelity Home Warranty, just to name a few. Costs is usally about $350-400/yr. Just make sure your tenants know to call you or the home warranty company for any problems (not just pick a repairman themselves)
Keep your homeowners insurance updated too, protect your nice little nest egg.
Teri Andrews-Murch, RealtorÂ®, SRESÂ®
DRE CA Lic # 01734030
Lyon Real Estate
1900 Grass Valley Highway, Suite 100
Auburn, Ca, 95603
Direct Ph: 530-798-0215