They subsequently raised ~$500K in equity to successfully on the transaction.

You may have 112K in equity, but you should also account for closing costs when you sell the property.

If each roperty appreciates $25,000 in five years, you've gained $100,000 in equity.

If the building ever gets a $25 summons ticket from Sanitation (it happened once) we then bill it to the tenants in equal share. (1/3 each for a 3 family) and send a sternly-worded email.Re: Legal obligations - I know of no "legal" obligations to curb the trash on behalf of the Tenants that would supercede what was specifically agreed to in the Lease.  

If you are investing the same amount of money and they are in the location you are investing in, that's a recipe for inequality of effort.

If you liquidate your dad's home, the Big Enemy to pulling out all of his ~$100K in equity will be frictional costs (agent's commission, buyer negotiation, holding costs, etc.).

I have about 100k in equity in my primary residence and have heard some success stories in using HELOCs for flips.

We're developing units in the backyard of a property, with the numbers looking promising:Purchase Price: $1MConstruction Costs: $1MCost of Capital: $200KAfter Repair Value (ARV): ~$3MProjected Profit: $500K - $1MTimeline: 9 monthsTo finance this, we're raising $500K in equity and securing $1.5M in debt.

No matter what happens, you can generally count on real estate rising with the tide of inflation (not just the hopeful appreciation of market inequities). 

I guess im just asking for advice on where I should focus as im about to cash out of this current deal and pull about 45k in equity out safely as well as having 3 cash flow positive properties I just down know where I should focus with still limited experience.