.): $10KAfter Rehab Value: $230KWalk-in Equity: $44K (19%)Scope of Work:  Fence, Kitchen-Bathroom complete gut out, new heaters, lighting, interior and exterior paint, floor, windows, door, fence, other handyman fixes, appliances.Congrats to partner @Pradeep Tiwari, Anup ShahThanks to @Timothy Tooker  @Richard Rolle for helping us build the acquisition scienceHere are the pictures:Before:AfterTacoma, Pierce County, THurston County, Puyallup, Seattle, King County

I will have roughly $25k+ in equity from this townhome and that along with our own cash is where I'd like to start with my first flip.  

I have crunched the numbers and factored vacancy, maintenance, capital, and management expenses and the property has a negative cash flow.Since we have a 15 year mortgage and appreciation, we have about 100K-140K in equity on that property I really don’t know until we have it appraised.

You will be doing all these reno just to make $30k/$50k in equity if all goes as planned.... 10% of the ARV, plus I am not counting holding costs, that would eat up all your equity that you made on the flip. 

https://www.biggerpockets.com/forums/92/topics/50067-truth-in-equity-helocs

We have at least $60,000 in equity in our current home, but can’t use it because of our credit.

Would it be smarter to refinance the home and pull about 100K in equity to use for investing?

The House Hack strategy starts you off with almost nothing in equity.  

If I were to paid to get the loan regardless of the total amount, would it be smarter to get the HELOC (I have about 100K in equity in my home which will take good 3 to 5 days to get pre-approval being a weekend) or traditional loan?

I've saved $15,000, made $7000 cash and built $60k in equity on mine this year at a minimum.