I've also read and learned a lot on this site and its great resource for information.

The knowledge and resources are here.

Now I’m talking about finding a property that needs less work than a flip, mainly cosmetic, that way the outlay of cash isn’t over the top. 

I am sure you will find no shortages of resources and help here to achieve your goals.I would be happy to connect.

The water was almost to the top of the garage door.

Attorney fees were escalating, etc on top of bank fees, interest, etc.

If you want to invest now, I believe what you're looking for is either: a first lien HELOC for a lot more than your current mortgage, or, a second lien HELOC on top of your mortgage.

Brandon's book on Rental Property Investing would be a good resource as well. 

@Jack Bobeck That resource is great!

If you are going to micromanage it (and there is nothing wrong with that, if it's your business model), then having a property manager do the work first is a waste of time, resources and money.