Probably most people have equity unless they overpaid at the peak. 

Jeff I also hate seeing all that equity just sitting there but you really need to look at where else you can put that money to work that will out-earn the current investment.

I went from $50,000 cash flow peak in 2013 and 2014 for my now $200,000 cash flow.  

Earning an extra 3% on $2k that you’re likely holding for less than a year.

My PMLs are people with self-directed IRA who are perfectly fine with 5-year term while earning double-digit returns passively tax-free in their SDIRA. 

I bought my first property in North Jersey at the peak of the 2006 market - came to the closing with no money and walked away with $10,000, still own the home to this day - and it's still possible do near this today - so, it can be done with $50K or less (doesn't mean you should do it that way...) 

Not how much can this property earn as an Any DSCR lender is going to go to lend off the income approach.

@Salome Ditmars Although it is great to get referrals this is also something you should take upon yourself to get to know the sponsor and establish a relationship with them since this is your hard earned money you are looking invest with them. 

Great if you want to add rentals or non owner occupied properties to your portfolio but not so great if you wanted that winter log home in big bear CA or Mammoth lakes, CA.The good news is you're from TN so you have no earned income tax from the state on wages only interest and dividends in certain cases so thats a pro right?

There're quite a few more opportunities/strategies to consider, especially for high-net-worth and/or high-earnings investors.