How much equity do I have in the property if any?

This is a Texas bank though and I am getting about 60% of the equity.

That maybe a viable option for some of the investments as well.Also, I suggest setting up your property criteria and then reaching out to a few local commercial lenders to discuss your options.Lastly, if you're still figuring out whether you want to manage your investment yourself or to become an equity partner in someone else's deal, then potentially consider looking into syndications. 

After gathering all the property information I could see that she has owned the home for a very long time (20+ Years) and has a huge amount of equity.

The offer is $1M higher than the capital account we would get with the developer, although once up and full we would be in a better position than selling in our equity and annual income. 

IF 2-4 do not work.....then decide if  you can afford to find an equity partner that is not one of those aforementioned people here.  6.

Plus...escape velocity...Episode 113 – Jay Papasan - Very practical slow and steady adviceEpisode 221 - Tim Shiner - his concept of equity build up and "shearing the sheep" shows some of the flexibility of real estate vs a 401k Last but not least, I also recommend all the tax advice given by my fellow CPAs on the BP Podcast.

Have about 12K worth of equity in my first deal.

Have about 12K worth of equity in my first deal.

Most deals are coming from equity sellers, investors creating value (new construction, ADUs, adding square footage, etc.), and very last is MLS.