Could someone please advise an actionable step or game plan I can follow to tap into my equity correctly (if that makes sense here) whether that's HELOC, Cash-Out or another strategy?

True story. 

Decide which game you want to play.

Quote from @Matt Tortora: Fair point - but I will be partnering with someone who has good MF experience.If you are partnering with someone with experience in the game, your value to the equation is not equal.

What if it is true that the market is 30% overpriced? 

The profit wasn't worth the remodel and sweat equity so we choose the long game and cash-flow. 

Before trying out for a pro team, ensure you enjoy playing the game, understand the rules, and have some talent for it.

Starting later in life is no problem—real estate is a long game, and the key is building the right foundation.

The true benefits of real estate investing are realized when you hold.

Account Closed - I am trying to map out a game plan for my next investment, and a good friend of mine who is an experienced realtor wants me to consider Section 8 because he has a client who is an investor making very good money off of it.