I would likely use the equity to purchase more real estate so I might just 1031 into a new propertyCaveat: I am not a CPA, tax professional, lawyer, IRS afficianado or other expert in taxes, but...If you have lived in the property for two of the last five years, you should be able to capture that $100k in appreciation without needing to go through the hassles of a 1031 exhange.

The goal for our work is to get your rental set up on a platform, vet your first tenant and then get the tenant secured before you are independent.

Quote from @Ryan Smith: Hi everyone,With what's happening in the stock and securities market, now is the best time for many passive investors. 

Your property listing can also be a great way to lay out qualifying criteria (i.e credit score minimum, and require a co-signer if lower).After conducting due diligence into a particular tenants situation, and you decided to proceed with an application approval, you could require a higher security deposit. 

My name is Sha'Kera Daniels, and I am a proud veteran committed to building a secure and prosperous future.

Once you're more secure, it’ll be easier to plan for growing that portfolio.

They likely have little in assets and nothing to secure the loan against.

The other factor to consider is less tangible, but comes with mental security.  

I use the virtual accounts for security deposits, reserves, etc.

Quote from @Jason Taken: did you actually have a secured lien?