But right now I'm evaluating if it's possible to leverage the existing equity to enable flipping for a few years full time (and quit my job).

Hi everybody,I'm almost through reading my first Bigger Pockets real estate investing book and decided to supplement my learning with engaging in the BP community.I'm a 24 year old working in IT, looking to find other streams of income outside of my 9-5.

You can find a strong cash flowing property to supplement your income while you build equity.

I had to make a business decision to either continue to supplement it at $750 per month for how many years and HOPE that not only would the rental rate increase, but also the equity. 

I think this looks like a nice home for somebody to live in and help supplement the mortgage or have a family member they want to provide housing for. 

This is the position this company is offering you.A recorded DOT or mortgage enables you to foreclose on the property under a default, and either own it or get paid back at a public auction.

It sounds like you had plenty of foresight early on that RE investing would supplement your retirement.

Accelerating the payment of some taxes is well worth it to enable you to get financing.Be sure to aggressively appeal your property tax assessments downward, if at all possible, and shop aggressively for the best insurance rates (and terms, such as looking for "actual cost" coverage with high deductibles), as many insurers have increased rates sharply in the last year.

This will enable you to buy more doors faster.

Finding an agent that is full time, and not in the business for extra income, supplemented retirement, or just for fun is important as well.