Typical equity build up time is 5 years, depending on your market.But can you purchase another rental using your own capital?

Sale Price$171,000 - $55,000 (Rehab) - $13,680 (8% fees) - $40,000 (profit) = $62,320 MAOFrom talking to other investors and doing research, typically a Novation allow more money to the seller, correct? 

I’ve already put down a $2,000 earnest deposit and paid for the inspection and appraisal.This event is unprecedented in the area, as the area is typically low in violence and considered very safe.

It is not typical that you will find SF deal after deal, and if you are actively marketing for distressed sellers many...most...will want cash sales.

Typically lenders can lend up to 50% of what your gross income is.

I think the heating cost that the OP mentioned is reasonable and typical.

How much upfront costs are typically involved in a project before you know if it's a viable project to pursue? 

This is an area that home inspectors typically do not cover in their reports.

Mortgages for LLCs with personal credit under 680 are tough and expensive, and under 640 are typically not really economically practical for the borrower. 

Or does one product typically offer better rates?