I have a heloc on my primary residence with Suntrust.

Market rental rate for my house is about 2400 a month.After paying off the mortgage with the positive cash flow I have the potential for some serious cash flow.

This will allow you raise capital while bringing and bring them value which may position a partnership down the road.  

I'm not eager to sell, but am open to hearing about your ideas on how I could take a more passive position.

Why are you waiting until you pay off your primary residence?

Make sure you dont give them back any of their deposit money until the new tenants are moved in, so you dont get yourself in a position where your out rent and damages.I think its best to get them out now.   

anyone have any open entry level positions  my main goal is to learn learn learn as much as i can im willing to do  just about anything pertaining to REI 

If you have no problem doing the cash out refi on the primary, then doing a cash out on a free and clear rental should not be any more difficult.

What rent would you have to charge to achieve a positive cash flow?

Someone seems to see my point about how to buy a rental property with a profit up front that actually makes you at least $100 a month in positive income.