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

I would highly recommend you listen to all the podcasts from Kenny Bedwell - Cashflow Positive.

Georgia Amendment 1, which authorizes the General Assembly to implement a statewide homestead property tax exemption, has far-reaching implications for both current homeowners and the broader real estate market.Short-Term Positive Impacts for HomeownersThe primary benefit of Amendment 1 is the cap it places on the annual increase in a home’s assessed value, limiting it to the statewide inflation rate.

It's an amazing market to be in because you can still find the 1% rule and positive cash flow while getting amazing appreciation potential.

We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).

Or this equity can be used as collateralization for another deal.3. 

Narrow your top cities, build a local team, and refine your financial analysis to position yourself for success.Good luck!

I'm in a position I've never been in before.  

This is why what Stuart mentioned about the positioning of Real Estate is so important and why you and everyone have heard the phrase: "Location, location, location" 

I don't think your first property needs to be perfect, but doing the work in advance gives you the possibility of refi (in a good rate environment) or more equity on a HELOC.