ITS SOMETHING THATS BEYOND WORDS. 

@Tera CarterI don't know what to say to home owners when they come to me asking for help,Regarding the specific words and phrases try theseWhy are you calling me today?

for my State Farm homeowners/rental dwelling ins to subrogate a claim for the damages not covered ($20,000) and my $2500 deductible.So it sounds like FIRST effort will be to have my attorney send them a polite letter with the costs incurred and a request for their response and reimbursement.Then if no appropriate response. we go to whatever is the next court "bigger than small claims court " with a lawsuit.We just got word from the mediation crewthat huge amounts of mold are in the crawlspace, evidently the days/weeks of thousands of gallons of water went under the house instead of outside and down the driveway.

They got a lead from somewhere (online or word of mouth) and they didn't want/have the time so they sent them over. 

In other words, if you bought it for $34,000 and it will cost the attorney $3,000 to win it back, I would sell it to him for $37,000.Definitely talk to a GOOD attorney.

If you want to put yourself in a better financial situation for the time being (which sounds important to you, judging by the wording of your post), then pay off the debt now and save up for a purchase further down the road.And just to put it out there, the reason why buying another rental would accelerate passive income goals isn't just because of the cash flow but also the tax savings and equity+any appreciation that will play a factor in case you want to do a trading-up strategy later down the line where you sell your properties to buy an apartment.

In the meantime, please spread the word that there will be a Investor Meet up of some sort starting soon.  

Actually he just told me in short terse word thats I should "just get some money and just buy his house and then I can do what I want with it."

A bank can freeze or call the HELOC if the contract is worded that way.

I'm not so sure I'd use the word bubble, but DFW's investment market is a bit overheated in my opinion, w/ too much competition (esp. from newbies anxious for a deal) driving up prices IMO.