Quote from @Anthony Maffei: I purchased a two-family property in 2017 and now have around $500K in positive equity.

How you use the equity will be important. 

Would a home equity loan be a viable option in this situation, especially in regards to eliminating some of the red tape I'm running into with a refinancing an scorp-owned property?

Reverse Mortgages (HECM or Home Equity Conversion Mortgage) can be a FANTASTIC tool! 

I have been working on creating more passive RE opportunities and have come across a unique equity financing structure.

In some cases, after crunching the numbers, the profit margin was so slim—or even negative—that I had to pass on some promising opportunities.Here’s my situation: I currently own two properties—a primary residence and a rental property—both of which have substantial equity.

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

If this property won't cash flow as a long term rental, you might want to sell and 1031 exchange into a more profitable property.

However, your issue would be lack of equity.

How do I access equity spread across multiple properties?