Advice on Loan options

[Jill McCann]

I'm getting a divorce and acquired our property at settlement. I've refinanced my main house and an investment property and am out of ratio for refinancing the last property. I've contacted the lender to request a simple assumption of the loan as interest rate is very low, but that's unlikely.

The home is in WV and pay off amount is 116k and value is 200k.

I have the cash to pay off the loan. However, I'd prefer a mortgage so that I could use that money for other investments/deals but have nothing specific lined up. We bought the home as a vacation home, but I've converted to a STR and have data showing income for the property.

I do not have W2 income right now, so that limits my options. 

I need help processing what to do:

1. Pay off loan and get a HELOC or similar if I want to tap equity in the future--is this a possibility? Difficult?

2. Attempt to find a DCSR loan--if this route, how do I find someone in WV?

3. Anything else I should consider?