. %50K in savings, about $100K in equity in my Charlotte area home, and approx. $50-$60K in equity in my mountain home.

I currently have 6 LTRs worth a bit over $2mn, with around 700k in equity, cash flow of 4-5k/month and my average CoC is 4.37%.

But to answer your question in a broader sense, I am marketing to $600k and under in market value, $200k or higher in equity (on the sale side). 

100K in equity is valued at a 10% opportunity value for investors.

Other than determining the ARV to see how much built-in-equity I have, do I really care about comps on a longer-term buy and hold cashflow play?

You will be starting out with only 3.5% in equity (you 203K down payment).  

Once I refinance, I will pay the lender back, and I will have roughly $50,000 in equity from both properties.While this is certainly nothing to be crazy about, I am currently cash flowing $2,000 a month after all of my expenses and debt.

. $160K in equity with a opportunity  value of 10% is worth about $1300/month in income.

I have roughly $70k in equity on both, one being worth approximately $105k, the other worth approximately $75k. 

But over time, loan balances went down, values went up, and suddenly there’s a half a million in equity sitting on the table.Although a similar opportunity exists for small businesses, fewer entrepreneurs take that leap.