Is it possible to use both rxtools and reinand with the same emunand?
Depends on if you are on a N3DS or O3DS.
If you are on a N3DS and want to use the same emunand with multiple CFWs, you need to keep your emunand on 9.5 or lower. Right now only two CFWs work with a 9.6+ emunand and if you use them and update your emunand it will stop working with other CFWs.
If you are on an O3DS, you are fine. Update to 10.3 and use whatever cfw you want.