I was able to get a private loan which I used to purchase the house then I used my own money to rehab the house.

@Joe Villeneuve around 300K of equity in the houseSell the house, take the equity, spend it or use it on your next house where you are moving to. 

But I'm gathering that this may be a fools errand if the house is not appreciating.

I don't know a single person who regrets starting out with a quad and house hacking.

As a community I think we should focus on helping people who have had their housing situation negatively impacted recover as quickly as possible.

It's the concept of buying the debt attached to the mortgage rather than buying the house. 

The house is worth at “quick sale” about $360,000.  

@Khyree Randall If the house needs work for $80k-$100k then it shouldn't be priced accordingly.

I manage hundreds of rentals and most of them are caulked every 5 - 10 years.DR Horton was the builder, and after we did two inspections and closed on the house, we found out that a good chunk of the roof was missing - they quickly finished the roofing. 

These cash outs got me 14 houses with no out of pocket $.