The end goal is to have a substantial amount of passive income as well as build equity, to have additional security for my family in case something were to ever happen to myself or my job.  

I don't like the idea of holding a 2nd if there's going to be a market correction, unless there's a lot of equity in the property.

I have several off market opportunities with 45 - 70 in equity, what would be the best way to approach these deals wholesale or buy, rehab and flip.

I'm getting my house apprised and taking out equity for a for a purchase of a duplex.

BRRR is your sweat equity entry, even if you hire everything out. 

Also from what I gathered you need to have the funds in your account for 60 days unless it's coming from a HELOC (which won't help me as has a max out of 80 to 85% of equity).

I am preparing to take my RES exam before the new year and hoping to transition my full time position into Real Estate soon.  

I am hoping to find a diamond in the rough that needs some repairs, hopefully resulting in some built in equity. 

The numbers look good and based on them we are looking at positive after-debt cash flow of $289/month.Simultaneously we are looking at another property where we would be spending $7000 less in rehab costs but will cash flow for $230/month.  

and if there is enough equity coverage,,, go ahead and wipe,, I will slap a lien on you, one day I will get paid.