@Charles Perkins is absolutely correct about "collecting all receipts, properly tracking all income and expenses and your basis for all assets properly documented and recorded."

If you are looking to pull out equity on your home to start to do some fix&flips(great idea) then it would all depend on how much equity there is in you home and your current income(SSI,retirement etc).

I would suggest getting another full-time job for the time being and investing/doing STR on the side until you can fully and comfortably replace the income that you would be receiving from your job.Is your LTR in need of repair?

Even if we have no income there any longer, we have to file so they know we have not sold our new 1031 properties, as required by the state. 

Quote from @Dave Chengoue: Hi everyone,I'm currently on the hunt for reliable lenders in the DFW (Dallas-Fort Worth) area and would love any recommendations or leads you might have.

Currently selling two SFRs to 1031 into a seller financed 9 unit mixed use property - I am still excited to learn new strategies 13 years later.I have some of my investments on my profile and some info regarding each.

How much income you'd want from the rentals and when you want that income to happen by. 

It seems like you have some very solid goals of multiple income streams, and a well calibrated risk tolerance. 

That should cover 2 rental income periods, returning $660 to your pocket.

Would it be wise to use a HELOC on our current residence to use for a down payment on a new property You can make $ investing anywhere.