It's an even bigger issue if you have a mortgage on your primary residence, want to get a HELOC, and want to pick up a second mortgage.

heloc is the best way go its considered as a revolving credit.1. you can pay back the money and access it again2. cheaper interest rateif you did a cash out it would hit you with a bigger mortgage

The main issue I think you are going to have if you move forward with this property is the only insurer that will take a property that has had a recent loss is the (National Flood Insurance Program) NFIP or government program (What is the NFIP?). 

I value your opinion and many others on bigger pockets because with no real experience yet, I can only really go off of people who have had experience.

Hey @Robert Bodmer and welcome to Bigger Pockets!

Cash flow is very low and a vacancy is the loss of 100% of income. 

Nerissa, your accountant should have told you that you can deduct the entire cost of a range as a loss over five years on your taxes.

We plan on doing it even bigger and better in 2019! 

I grew uneasy during my research into the RichDad education system and am happy to have stumbled upon Bigger Pockets.

Time to roll the snowball bigger and bigger!