It is something that gives you the leverage to make more money and have the ability to not pay the debt on it monthly either (your burn rate on it). 

I agree with @Shawn Ackerman I would start applying the cash flow to debt pay down.!

If the property can service the debt at 90% leverage between a senior 1st and the seller second, you're looking at a good investment!

If it's worth $1.3 million today, it will be worth $3 million or more in 20 years, you'll have paid off the debt (or most of it), you'll earn at least $3 million in cash flow over those 20 years, and you'll have tax benefits.

.$130k debt on home including HELOC,  monthly mortgage & HELOC $1,155 month.

There's obviously quite a bit of diligence that comes after such as who the key principles are and their credentials/track record (both balance sheet and experience), the underlying real estate and thesis behind the investment & tax prep and audit procedures but as a general rule of thumb if the investor can't get past the first part which is understanding what they are investing in, passive investing is probably not for that individual. 

I  Income:  The amount of property you can buy will be dependent on your Debt to Income ratio.  

Use that loan to pay the back taxes and get things under control.

No I'm keeping it in cash and avoiding debt right now, but thank you! 

Post Dodd Frank sellers have continued the same bad practice of selling houses to occupants with financing at selling prices that are way high, can't be justified via any type of 3rd party valuation (appraisal, zestimate, tax value, even recent sales in the same area).