where to start regards leverage ?

[Edward R.]

We have a rental house, excellent shape (complete remodel) currently rented out and only have had it a year.  it's completely paid for and worth $160K and excellent neighborhood and schools.  Currently we live in our own mortgaged home, excellent 850 credit and solid income.

We have an opportunity to a home to flip in good shape and wouldn't take much. The new flip home would cost about $190K If we wanted to use the current rental home value whats the best way? getting a equity LOC on it?