Most will recommend $1 million in equity per LLC.

We have ~$4mm in equity in the downleg and plan to leverage to $8-10mm for an upleg purchase.

Some have more than $1 million in equity while others have less.4.

Some have more than $1 million in equity while others have less.4.

He's purchased a condo in 20214 and by 2020 it had roughly $200k in equity.

It also engenders more inequity in the society when the wealthy gets more tax breaks but there is none for the poor. 

You now have $5k in unreimbursed expenses, and 2 houses; one with a $200k mortgage worth $250k (giving you $50k in equity), and; one with a paid off HELOC, value and mortgage unknown, but presumably with more than $165k in equity.You should also treat the $5k unreimbursed renovation cost as a debt and pay it back (even to yourself) accordingly.There is no tax due because not only did you not make any realized gain, but there was no sale. 

In the Reno, NV area there are some great SFH investments that are growing 10%+ in equity over the last 6 month where MF will take longer to grow in equity. 

If you owe $160,000 or more on such a home, even though you have $40,000 in equity you cannot obtain a home equity loan.Limits on the Number of Loans:Only one equity loan may be issued against a homestead at a time.

I'm currently doing a cash out refinance and taking about $300k in equity while leaving equity on the table still so that it cashflows whether it's rented out long term, or as an a short term.