If you, based on market indicators, believe that there will be appreciation then hold on however we all know that's a gambling mans game. 

and are all those accurate?

First off, I know motivated was not accurate.

I uploaded the information in the Rental Property Calculator( assuming my input  figures were accurate) please see the following. 

If your ARV of $230,000 is accurate, then, the maximum loan amount (75% LTV) would be $172,500.Regarding your first successful BRRRR deal.  

The best way to ensure correct filing is to have accurate bookkeeping and records.

Deja vu from 2005-2007..........Yes, you need to leverage your equity to keep moving forward....wont argue that....but to pull out ALL your equity to go buy more properties in a very high market, sounds like a huge gamble to me..... use the leverage....hell yes.....but using ALL of your equity is a huge ALL IN bet..... you better be able to back it up if there is a big correction......Guess I'm just a wimp.....hope you are right.......

With that said - don't count on every agent to play by those accurate rules. 

In 2018, we've now qualified under Tier II with a cap of $50 million per year.Would it have been accurately said in 2013 that "to fund the remaining 98%" of the $50 million we would "have to morph" into something we are not?

Alicia, this is not enough information to give you accurate answer, but what you propose might be considered prohibited transaction because of the involvement of "disqualified person".