I'm looking to  cash out, of course with a line position to the lender at 60 to 80 percent of appraised value.

Why rent has several reasons to be great and not just the money or the renters  position.

It's currently rented out but isn't producing any positive cash flow, I am breaking even with it.

But one we rehabbed/flipped for +$80k net, and the other is a fantastic town home site overlooking downtown that I'll either develop myself or flip to a builder for $40k or so net (we've currently got the existing structure rented to be cash flow positive and bide us some time during the redemption period to decide).

Even if you wanted to save that expense, you should "pay" yourself that amount by allowing for it as part of your expenses.The problem is: a bad Property Manager will cost about the same dollars as a good one - but your expectation of positive investment returns could be reliant on finding/being a "good one"!

You could also look at doing a HELOC (home equity line of credit) on your home, have some flexibility.

If you are planning on building equity without going through the process every so often, I would be searching for something that you can hold for the long term.

Hi, I'm a 27 year-old engineer looking to learn about commercial real estate investing in order to acquire properties that will provide a steady source of cash flow that will allow me to continuously add to my potentially higher-return stock positions, as well as cover living expenses. 

Crowned Peak Equity LLC is Looking for an Investor Friendly Realtor to Help in Chicago area.

Buy or inherit and hold for a long time, then cash out and redeploy equity into potentially higher cash flowing properties or other investments.2.