Lots of equity, some cash but no strategy

[Jorge Pereira]

I currently am stationed outside of the USA and am wondering what to do with my equity. I own 2 homes in the DC area and have a total of about 400k equity on one and 100k equity on the other. I make about 1k a month profit off the homes and am wondering what my next step should be. I am thinking about investing in cheap homes in Alabama and my goal is long term cash flow. What is the most conservative methods for tapping into the equity and slowly building my property portfolio.