Looking for ideas and advice

[Luis Castro]

Hello,

I currently own two rental properties, one in Honolulu, Hawaii and the other in Navarre, Florida. Both are rented out and producing income. The thing is that I have very little cash reserves and I am worried that if something happens I might be in a very tight financial spot. I have about $100k in equity in the Honolulu property and almost no equity in the one in Navarre. I do have about $100k of equity in the unit that I currently live in as well. I have considered HELOCs or selling off units in order to have money on hand for emergencies. Any suggestions on what course of action I should take?

Thank you in advance,

Luis