The way I was able to purchase my 2nd and 3rd property is extracting cash flow from the 1st and with additional savings I had from working my job at the time.

It's your job to extract that number from them and not to pay more.

Where is your "extractable" equity best used (after selling costs, expenses, etc)?

There is a lot we need to know before we can give you meaningful advice.

Hi All-  Great BP members u all rock in providing meaningful insight to newbies wanna grow in REIMy Topic for discussion is Finding lower priced homes within the boundary corridor of my living location in Burtonsville, MD within 45-1 hr away and priced in 40-50$ range for duplex n triplex mainly for Cash flow investments and having long term rental potential.I like to know what are the resource and characteristics to find properties within 45-1 hr min from my location in Burtonsville MD so I can get low priced homes with much rental potential and get in a low range of 30-40k so I leverage for more homes to grow.

I could use that bid to extract costs for kitchen or bathrooms.

While there are obvious similarities, there are meaningful differences in state law when it comes to LLCs and partnerships.And yes, I believe all 50 states require you to file documents with the state to form an LLC.

Ideally the property has positive cash flow (both units are recently rehabbed and therefore should get top of market rent) and you have extracted virtually all of your investment money.   

@Ron Rohrssen - when it comes to 5+ multifamily, I found that only a couple books were meaningfully helpful vs. the following options: coaching programspodcastsforumsnetworking deal underwriting / analysis That said, here are a few good reads that help lay the initial knowledge foundation multifamily investing:Crushing It in Apartments and Commercial Real Estate: How a Small Investor Can Make It BigInvesting in Duplexes, Triplexes, and Quads: The Fastest and Safest Way to Real Estate WealthWhat Every Real Estate Investor Needs to Know About Cash Flow...

More specifically I am trying to chain purchase rentals by extracting the equity from the previous one.