Quote from @Anthony Maffei: I purchased a two-family property in 2017 and now have around $500K in positive equity.

It’s know as SCALING your business.  

And then I would use trust deed and promissory note to get a loan with lower interest rate this is how all lenders work banks HML private money lenders if they are scaling.. 

Purchase price: $105,000 Cash invested: $90,000 Property needed some serious rehab, from trees roots destroying the basement walls, to plumbing, electrical, to roofing, landscape.

Or what are other ways I can access this equity to purchase?  

Purchase Price: $215,0002.

Will you continue to buy in that neighborhood with your next purchase @Teslim Salami?

I’m interested in purchasing an investment property with equity I’ve developed in my current home, however I’m concerned that if I have an issue renting out the new home it can blow up in my face.

FHA loans require living in the home as your primary residence for 1 year after purchase.

Diversify if you can with smaller amounts so risk is distributed.