If you want to stay in your house, then your only option would be to leverage equity which will probably be in the 8-10% interest rate range.Not knowing the entire situation, I think you could consider downsizing and then using the proceeds to buy a 2-4 unit property and start making $40-75K right away with still no debt. 

Nope- don't do this.

Hello my name is Fernando just stepping into the renting and landlord area.

I will post some progress as I get into the renovation after I close and share more numbers of my cost. 

There is the FHA 203(k) loan that you could use.

But I will stick with my gut on this one and keep networking and looking for the next one.

We had a property with this type of sewer and replaced it with PVC, a much improved product. 

What neighborhood is this in?

Tie into Military out assistance program.  

Using your $330/mo example.