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.

@Paul Sanders, just a few thoughts. 

Quote from @Stephanie Cruz: This is the first post I clicked on this forum and I felt called out, so I added a photo and a bio.

I have had every one of the above come into play, which has caused the timing of exiting the asset to take longer than anticipated.

No, we are not interested in duplexes at the moment. 

She wants to talk about RE when she comes home for Thanksgiving so I want to come with with some ideas for her ponder.

If you do end up splitting profits and equity 50/50 then make sure you account for your management.

Since it is the product of a divorce proceeding the IRS will go along with the divorce decree.

Very simple to do.1) In the hole you, spray some suspend sc insecticide inside the hole. https://www.amazon.com/Suspend-Insecticide-USA-Supply-Eradic...2) Get a beekeeper suit, just in casehttps://www.amazon.com/Professional-Ventilated-Sheepskin-Bee...3) cut open the area.4) Spray inside the entire wall the suspend SC5) Dry out and close up the wall.If this cost you $200 and some time, I'd be amazed. 

She manages the property by herself and it's successfully pulling in 125k/yr.