Its still your debt, though, and it would now be the first mortgage and your new loan would be a second. 

When managing a rental property, here are some common maintenance expenses to be aware of.

I am steering my strategy towards being a dispo wholesaler for acquisition wholesalers. 

That could be fine advice for some, but it also means no oversight.

Hire an attorney, take notes, and maybe you'll be prepared to handle it next time.

Using a HELOC can work, but it's still a second loan on one property so I wouldn't be looking for a way to leverage one of your two properties just yet to get a third.

I've found lots of templates online, so I think I'll be ok. 

Could I 1031 exchange on the sale of the quick resale of the foreclosure to buy other investments or would I be excluded from the 1031 exchange as a "dealer"?

If the cash flow is negative consider whether that number is less than what you would be paying to live somewhere else.

Bonus would be refacing the cabinets if the pricing makes senseI priced out part of the job with HD, windows were somewhat reasonable at $8500 but I was surprised by the cabinet refacing -- Just short of $20k.