If you can still cash flow 200-300mo after taking out 100k in equity and use that money to buy more rentals that cash flow would be the ideal solution.

(just a hypothetical) Or does that not work because in the eyes of the bank do I still only have 20k in equity?

Most of the deals i've seen are closer to 90% ARM, meaning the investor will have to leave about 10% in equity if you do a conventional refinance (80/20).

Others get a fixed amount paid when you close the deal, but most guarantors are interested in equity.

I found a deal and am working with a friend who has a full service vertically integrated firm to buy, rehab and rent a propertySingle family homeAsk = 125, tot after wholesale and closing = 134Rehab = 253-4 weeks rehaverent 1700-1900ARV = 190kI have good credit (> 780) and pretty good assets > 100k cash/savings, 550k in equity in a rental property, and more in roth IRA and in brokerage accounts (vanguard / fidelity).No debt, no major payment obligations; currently renting @ 2k / month. 6 figure W2 income. 

A friend of mine closed on his house with 80k in equity already as well as being booked out for the next 3 months. 

This property didn't cashflow much, however it was in an excellent neighborhood that gave us about 40k in equity.

This property didn't cashflow much, however it was in an excellent neighborhood that gave us about 40k in equity.

Buy in a more expensive market if it doubles you could have 300-500k in equity.

., etc. for about $500 a month, while also gaining me ~$200K in equity and getting all but $20K of my investment back.