23 And 300k- what would you do?

[NA Col]

My husband and I are a bit of newbies here and have a unique situation. I bought a property cash when I inherited some assets at 19 years old. I've had it for a few years and it's appreciated quite well however, due to some family circumstances I cannot sell it. I'm looking to tap into the unused cash- either by a HELOC or cash out refi and I'll likely have around 230k to use from the property if I decide to go that route and my husband and I are selling our home in the next year or so and will likely make about 75k on it. We really want to focus on passive income and find a way to eventually (hopefully sooner rather than later) ditch our day jobs and really focus on real estate (specifically in AZ). We just have no idea what the most efficient way to use the cash and assets we have will be and are a little confused as to how people can qualify for multiple loans or refinances since we don't have a massive income stream and are stuck with some student loans. The thought of pulling out more loans makes us a little nervous and we don't want to stretch ourselves too thin too quickly. We feel strongly about pursuing this route however, I think the numbers/risk/options of all of it makes our heads spin if we think about it too much. I'd love some opinions from more seasoned experts- what would you do if you were 23, with the situation we have?

Thank you!