I only buy positive cash flow and so do my clients.

The current tenants are month to month and not interested in buying, and the existing mortgage balance is assumable (3.65%) for qualified buyers.I know it's a great house -- and with the assumable mortgage -- a great buy for someone looking to save with current interest rates sitting as they are. 

I would suggest you do both of what you suggest - meaning get either a new mortgage (more conservative route) or HELOC on the townhome and use those funds to buy your next investment property.

When I first got started I didn't officially join any coaching programs, but I did buy the materials at mobile home university.

According to an annual report from the National Association of Realtors (NAR), 26% of buyers were able to buy without a mortgage (see graph below):Imagine buying your next house in cash.

In your case, you are probably better off buying a break-even deal in Tampa then a deal with $200 cash flow OOS.

Jerome has 2 programs, Buy Build Flip for $7,500 and Build Wealth Mastermind for $20K. 

Quote from @Steven Catudal: Hi all,My partner and I are looking to buy investment properties in Alabama, specifically Birmingham.

There's actually a moratorium that doesn't allow foreigners to buy most properties.

If you had 150k you could buy one 400k property with 8k property taxes that rents for 2500/mo or you could buy two 200k properties with say 3k property taxes per month each renting for 1800.