I have about 500,000 in equity.

We are building our buy and hold inventory here and have found it to be a fairly good model, and my partner and I are using our current skill set as a construction company to build in equity through new construction.

$30 to $50k isn't much for a guy who has $200k in equity.

You now have 300,000 in equity growth versus 70,000 in cash flow.The equity growth is a much more important metric at least to me.

I bought my first house in great neighborhood few months ago at Auction with built in equity. it's worth over half million.

I am now focusing properties where the completed construction value is considerably higher than my construction costs, I am finishing up another 2/1 duplex where we will have builtin equity of over 20%, allowing me to finish with little money trapped in the project (the 3/1.5 finished with only 8% built in equity).Around me, it is not easy to sell a duplex as townhomes, unless they were originally built that way, There area issues with local zoning.  

This is a single family house with 30K in equity, in good shape and will get $1200 a month in rent. 

So money right now is now issue, however who knows how long I can put up with having a roommate so I want the flexibility if things get tight down the line, say I purchased a property, etc.Would it be worth pulling out all the money I can on my house or better off just leaving some in equity?

Now I have $600k in equity I'm cash flowing $6k a month and everytime I go to my properties they look better than the last time I was there.

My focus is finding land that works similar to the second deal, where there is good built in equity.