sell your house in NJ

The rent on NJ house is too low to the value. Unless you can increase it to $3000, sell your house in NJ and pay no capital gain tax (two years of self-use and less than $250K. Doing so, you reduce your risk on your investment to which you have no control at the moment. Then, the easy way is to pay off at least $400K of $600K on your house. This leaves your monthly payment at about $2000 including tax. Thus, your net expansive is reduced to less than $1000. Although this may not be enough, you still have more than $100K in the bank from the remaining of the sell. If you manage well, that saving could generate about $1000 interest per month. But the important thing is that you have some serious cash for emergency.