I started with about $20,000 and $50,000 in equity from my primary I purchased in 2017. 9 SFH 1 Duplex 2 Triplex about 3.5 million in total RE with about 2.6 in debt attached to it between first and second mortgages. 

I know two properties increasing in equity from appreciation will move faster than just one over time, but today's rates and my current cash flow are making me want to stall.

I still like the swap until you drop strategy, stripping equity as needed, and passing my heirs stepped up assets with tons of gains and unrecaptured depreciation.Then l I started looking at DST PPM's "use of proceeds" and "other compensation to sponsor" Current Example:  Sponsors buy a 300+ Class A  apartment built in 2021in Lexington, KY or somewhere for $91M with $42M debt and $49M in equity. 

But we lived there for ~$1,600-$1,800/mo in our part of the mortgage since the tenant paid ~$2,000/mo, and every month we built ~$800/mo in equity via principal pay down. 

In all we have about $275K in equity between both properties that you would place a lien on.

You will likely still not have cash flow after the refinance but you will have built-in equity.

To know exactly how much of a % of ownership in equity the contractor should get for that, I/we would need to know what the total capital raise is, i.e. purchase price, closing costs, holding costs, rehab/construction costs, etc.

New Construction in Cape Coral offered by RentToRetirement offers an opportunity for solid cash flow, appreciation, and built in equity!

@Spencer Wardwell It's not so much income that people will say turn key eats up but equity and it's true that you probably won't have any built in equity at the start.

The project sizes are roughly $2-4m in equity.