HELOC Stuck on how to start

[Kenny Kuramoto]

Ok. I have a HELOC of $200k I'm having a hard time figuring out how to start and scale. There is only 2 ways I can think of to make it work. 1. Buy property outright and just pay the HELOC off slowly. 2. Is put a down payment using the HELOC then have two loans. One conventional and the HELOC. Lastly is Flip properties if I can find one to build funds. There is a duplexI want that has legacy tenants but I don't think I can make it work. Heres the numbers.

Purchase $135,000

Rent - $1700/ $850 per tenant(they have been there for 10 years)
Property Taxes:$ 142

Insurance:$ 28

Property Management:$ 156

Maintenance:$ 170

Capital Expenditures:$ 85

Operating Expenses = $581

$1700-$581 = $1,119

Option 1 Pay off all through HELOC = $1,119-$1100 = $19 Cash Flow :(

Option 2 $1119-$672(Conventional)-$281(HELOC) = Cash Flow of $166 Too low, but i still have around $165,000 in HELOC to buy another one.

I may have to find something that cash flows more. Thanks everyone for their time reading this. I just want to start my journey already!