Cash out refi or heloc ideas..... ??

[Bill Bob]

Not sure if this is in the right place.
I am pretty new to this, so take the gloves off and let me hear/have it...

My situation.
Own two homes. One I owe 60K appraises at 130, and cash flows 450 p/ month. The other I owe 160, appraises at 210 (pri residence). I also own a couple urban acres outright. My "play money" sits at about 22K. My "emergency" money sits at 11K. I have a TSP (very low amount), and a roth IRA with 18K. I know I can dip into the roth for about 9K (only if need be) before a tax hit. My wife together bring in a modest 75K p/yr.

My goals.
I am military. I am at 10 yrs. I feel walking away from the benefits would be stupid. So, I would like to do my 20, then be done working. SO i'd like some passive income. Thus far, my one rental has treated me way better than any of my other investments. I want more. MAYBE even a flip or two now and again.

My problem.
I HAVE NO CLUE WHAT TO DO NEXT. I know i have some room to wiggle, but not sure where/ how. I am curious of flips, but have never been keen on any get rich quick stuff. The high end cash flowing properties (for my comfort level) in my area (Western WA) are at the 100-130K ish mark. Those homes usually assume a small amount of fixing. My fear is that I am not financially ready to spring on another home without being in a pinch.

Your thoughts?
By all means, take off the gloves, and spend my money for me;)
I really like hearing your ideas.

Thanks,
Bill.