. $1M in equity will generate $5,000 minimum net rental income.If you want $10K a month net rental income, one needs $2M.So the question for me would be: How do I create $1M in equity as fast as I can?

It would be nice if when I fronted the cash for the initial conversion, could the built in equity count towards my down payment, but that might be delving into fantacy. 

In addition, most likely they have well over one million dollars in equity.

I have a house with about $40,000 in equity, I have $6000 left on a credit card that I'm paying off.

I have about 300k in equity so can do quite a bit to fund my own flips.

By waiting, you lose over $110,000 in equity growth.There is another problem with waiting.

@Derek JonesHello Derek,I have roughly 100-150k in equity in the home.

When I started 15 yrs ago it was exactly opposite, 93% in equities. 

And, thanks to the crazy appreciation we've seen in the last year, my investments have almost double in equity!

We are well north of a million in equity across these properties.