Financing Dilemma

[Jason Houde]

Hello, My name is Jason. I am new here and have a financing question. I have had real estate in the past and have done 3 successful flips, but need advice as to my options to buy a second property. I have a single family home that I have from a divorce. I own the home, but had to leave it for personal reasons. I am renting the home, but it has negative cash flow of about $100 a month. This is due mostly because when bought it was a family home not an investment and I have PMI. I know that goes against some rules!! I have about $30,000 in equity and The property has a remaining 7 month lease with the tenants. My question: Do I take out an equity loan against the home to purchase an investment property or do I wait until the lease is up and sell the property?? Any ideas and/or suggestions would be greatly appreciated.