If you buy right, you won't have to wait to build 20% in equity.

You are giving up a ton in equity capture with your 100% SF scenario is my main observation. 

My wife and I currently have an investment property in the Elk Grove area with 140k in equity and a home in North Oak Park with 90k ish in equity that we're currently airbnb'ing but would prefer to not have to go through the hassle of refi or pulling cash out with a traditional bank/credit union.Both have credit scores in the high 700's, low 800's and debt to income ratio of about 25% with a potential of being closer to 10%-15% if my wife finds out she passed the CA Bar this upcoming Friday!

How much did you make on your rental P&L over that time 2. how much did you pay down in equity?

She hopes to buy the property after her lease is up.Currently, there is $50,000 in equity on the property and it cash flows $500 a month.

I currently have about $100K in equity In my home according to county assessment and other homes in my are have been selling for tens of thousands more than that assement.

That will give us roughly another $100,000 in equity that we would like to fund another deal with.

I have about $55k-$65k in Equity in my first rental property.

It comes down to that consideration for me because after selling the home, you'll be down to 0 units.I prefer option #2 because it gives you the benefit of realizing gains in equity and expanding your rental portfolio.

Once the tenant moves in next week I should have about $1,500/month in positive cash flow between my 3 condos, plus I’ve created about 150k in equity with only putting 72k total cash invested so I’ve double my investment and earning solid cash flow.