Some have more than $1 million in equity, while others have less.4.

Most others find seller-financed deals through pulling data on property owners in the areas they want to buy that have a lot of equity in their homes.

Lenders dont allow seller carry back and NO cash equity.. 

A lot of the basis of my position on this can be described as “gut feel”.  

We negotiated a deal with the owner for 20% Equity, we are responsible for infilling the community as well as property management (which we also get paid separately for).

We negotiated a deal with the owner for 20% Equity, we are responsible for infilling the community as well as property management (which we also get paid separately for).

You’re in a great position with a property that’s appreciated significantly, a low-interest mortgage, and clear goals to boost cash flow and transition into full-time investing.

We negotiated a deal with the owner for 20% Equity, we are responsible for infilling the community as well as property management (which we also get paid separately for).

The tried and true version is pulling a list of properties whether you're targeting distressed homes or high equity homes in which case you can pull on something like Propstream or Propwire, you can skip trace through them or someone like Prime Tracers which has a pay as you go system. 

Sounds like maybe equity skimming?