Currently have roughly $70K in equity, mortgage $1,115 and rents $1,930.

Example:SFH in Kansas City- renovated and ready for tenant$182,500 Purchase+$1645 Rents year 1 (+ add 3% each year)+$259 cashflow after ALL fixed expenses year 1 (7.4% )+$258 Principal reduction each MONTH+$1065 Appreciation each MONTH+$111 tax savings each MONTHTotal $1692 = 38% ROI year 1 If you look at year 5.... you have $118k in equity and 204% ROI. 

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

The refi loan amount came out to right at $370K meaning I had $224K in equity.

This means that your house currently has around $75,000.00 in equity.

I want to get a property that will appraise at a higher amount for the next property that way I have more in equity to buy the next property. 

2017 was my year of learning, as well as working on my own live-in equity buy (HELOC complete).  2018 is the year of action, I hope :) BTW, I've read your blog but didn't catch the near death experience part lol

@Jeff Schneider I have $60k built up in equity on my first property (which I currently live in).

So even if you still do need to put some money into the mortgage every month, what you're gaining (equity) for that money is far greater in value, doubly so if what you're saying is correct and deal allows you to walk into 100k in equity. 

Say $500K of that is tied up in equity.