Equity comes and goes.

If you want to tap into the equity I'd do a HELOC to keep the cheap rate.

I'm currently in a similar position so looking to get estimates.

But for reasons out of my control Im equity rich and cash poor at this time.Youd think it would be an easily rectified situation, but seems not especially in a short time frame. 

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Most of my clients either put 30% down or have 30% equity for a refinance. 

After running this model, my monthly positive cash-flow actually decreases from 5300 / month to 4125 / month primarily because I've added the debt on the existing houses. 

We estimate our property's equity to be between $100,000 to $150,000.

You will be well-positioned to be successful as a real estate investor if you keep expanding your knowledge, abilities, and network.Good luck!

They’ve secured low rates and rapid equity increases due to the last few years of Fed/gov intervention.