I also think since there is at least $100K in equity in house H3, is there something I can do with that as part of the deal?

Take as much of the $70k+ plus in equity and buy another fixer rental.

We now can finance up to $138k and still have a quarter of the houses worth in equity to remain.

I would much rather have only my first mortgage balance left due on my house (I'd have $100K+ in equity if so), but life happens and I'm glad I at least hung on to things where I could and 'made' the money I did by buying low so that we could clean the slate and dive into the next chapter with clean credit.I've wanted to get an investment property since last year, but getting my RE license, and cleaning up my debt and finances to the point of shaving $1000+ off of monthly obligations is setting the foundation for what we will accomplish in the future. 

So if your house is worth $150,000 and you owe $75,000 on your mortgage, you have $75,000 in equity.  

I have about 100k in equity in the home right now based upon their MAX offer as stated in the letter.But here is the kicker, do I want to sell? 

Had 150k in equity, we took out 70k and still cash flow.Good luck, equity is a great problem to have!

try Jillene Hillman at realty mogul.this is what a lot of the crowdfunders have done.. not sure where they are all at right now.banks are not going to put in equity at least any I know.I have always done it with equity partners but never done anything near that large personally.just my little deals.

In the next 15 months I plan on having $90k in savings + 15k in equity, I'll have listened to all 270+ podcasts of Bigger Pockets, read through a list of 30 books I have determined critical to my success, and formed a TEAM of likeminded business professionals. 

Like house appraises at 250k, have 100k in equity, and get approved for 80k line of credit in the HELOC (80% of equity)?