Pulling equity out of a property is another form of loan.

My goal is to leverage that equity for additional income.

How you use the equity will be important. 

Another option could be a home equity line of credit (HELOC) if you have enough equity in your primary or second home.

Quote from @Andrea Russin: A blanket loan would be a good way to spread the equity however it would limit your ability to easily exit one property without restructuring your loan.

Reason being HML's are typically short term loans that are interest only.

If your mom continues to hold the 1st lien on the property, you would need a 2nd position equity loan product for investment properties to stack behind this to extract your rehab funds.

One way would be to get the real estate under contract, then bring an experienced partner in who also has access to capital, and stay in the deal as a minority equity partner.

Quote from @Antoine Black: I have a house that free and clear and I'm trying to tap in the equity can any one help  Hey Antoine, As Mike stated, your best bet is a local credit union.

However, your issue would be lack of equity.