Cash flow is overrated, it does very little to create wealth.

There have been several examples of $1M+ listings that are still receiving multiple offers, and many for all cash. 

Renting both units could probably cash flow around $1000 per month. 

When you assume a loan there is no way to get "Cash out" unless you are going to pay off the wife an agreed share. 

From my understanding, I'll need 20% equity in the house for me to do a cash out refi which may take years to accomplish. 

I have a odd question,  70+ unit property 6mill left on note 5.50 30yr amortized   assuable 3 yr i/o remain BP calculator, Cash flow is positive cap x 1.5mill in Improvemennts in the last year with 20 units for value add improvements where do I go to get approved or a deal or a foot in the door? 

Doesn't matter if you talking cash-flow or profitable flips.

Finding a quality property that cash flows (if that is what you are seeking) will be difficult. 

I am not looking to take equity out against my house, and my other 2 rental properties are already going through a cash out refinance to pay for renovations of a fixer upper that I am buying.

My plan is to sell my current house which will give me around $300,000 and in the next 2 years me and my wife will save another $100,000 which come to the total of cash we have in hand is $400,000.