Not a huge deal because I probably won't be selling it.Option #2:  Use the $33k HELOC I currently have and get an additional business line of credit or hard money load at a higher interest rate.  

You should refinance based on appraised value so find the bank that does this for you.Hence, my questions above regarding due diligence on real property value and additional ways to value-add to increase the properties value.I hope this helps.

Plus there is the additional cost for flood insurance in a flood zone. 

Quick notes about me: I was born and raised in NYC (Queens, Long Island) Current 2-family rental is in Queens Village I work full-time at a growth-stage technology company in NYC on their Strategy team My goals are to get 10 additional doors under my management in the next 3 years. 

Any additional recommendations is appreciated, thank you kindly.

Refinancing your loan to $192,000 probably wouldn't significantly help your cash flow situation, and the $13,000 would only get you into a cheaper rental somewhere out of state (in a possible war zone unless you have additional capital to also invest).  

Additionally make sure you account for commissions in 6 years.

I do remote REI, I do BRRR and all my houses are on mortgages which allowed my to pull out all my cash and additional created equity.

This is in addition to our around the clock tech support Most importantly,  we do not charge any monthly service fees or force you into long-term contracts.

I was tempted to invest in additional loans until I tried to find out what their rate of defaults was from the inception of their company.I sent dozens of emails and made a whole bunch of phone calls and got an answer on everything OTHER than what I asked.From doing research on the internet I THINK that the answer is not that goodThe loan that I made matured on 8/25/17 and they will not answer me as to when the funds will be paid back.