The property has $500K+ in equity. 

The $10-15,000 in equity is attractive, it has a renter, and I know it will be turn key.

@Joe Splitrock what if i house hack my property then wait into I have 20% in equity in the property then refinance it to conventional?

We bought it back in 2017 and have close to $100k in equity.

Have about 50K in cash, but also have about 125K in equity in owner/occupied home.

We estimate having about $100k in equity, $72k remaining mortgage ($375/mo) and an estimated value of $170k+, granted, in this insane market.Comps in our area are renting for $1500+ per month (we’re within walking distance of a university and booming downtown area).I feel like we’re in a great position to convert to a rental and leverage our equity but I’m not sure how to approach the conversion of our current home and acquisition of our next.

So it seems more reasonable to divided up the property at somewhere between 26-52 shares, although that may make the mathematics harder to work out in equity cost distributions for the owners.

If the home has 70k (hypothetically if it sells for 70k over how much is owed) in equity I would assume this is what is profited after everything. 10% in closing costs/agent fees 7k.

We have a rental with approximately $30,000 in equity available.  

This wasn't a total BRRR deal, but we have fixed a little and got a good enough deal that we probably have ~$10-15,000 in equity.