@Curt Davis - The thought is to add him into the LLC so we can combine both properties into one loan and pull the equity out to purchase additional properties.

Agree with Fred and, if it's a listed property, it's really not costing you much in the sale price.Question is, how well do you know real estate, valuations, can you pull comps?

Pulling some "investor" stuff can get you in hot water as an agent.

If I was to refinance and pull out most but not all of my equity, I would be able to eliminate (or more like consolidate) my car and credit card debt and still should have enough to pay back into the house to get rid of the mortgage insurance I'm currently paying.

Pull the trigger, as long as house is live able you have a good deal.

Theoretically, when the box is pulling at 100%, the 60 amp service will be trying to supply 100amps, and that will stress the service wire (a potential fire risk, not to mention the electric in the house may seem to waver...).  

I am looking to pull out $100k or even more in a refinance.

I've been getting stuck in the "analysis paralysis" stage, and it was great to get out there.We happened to pass an open house, went in, spoke to the listing agents, told them what we were looking for and exchanged information and actually attended another open house they hosted that afternoon.We also scoped out a listing in another area, and within 30 seconds another investor and his agent pulled up.  

@Bryan OttesonRight, those numbers seem difficult to pull off in LA (strictly basing this off redfin searches).

Then just pull the subdivision sales on the MLS for the last year, two years, and divide by the number of houses.