I want to purchase a property before I graduate college (in 3 years) and can muster roughly $30000 in equity when I choose to.

Currently sitting on about 350K in equity.

If you are gaining $40K in equity you can justify paying too much on mortgage payments if you can make the difference up, but you might not be gaining much on equity.

I need some opinions from all.....If you have cash flow properties making 9% to 11% right now with no mortgage, but already made 50% to 80% in equity, should you sell?

And, for how many years are you willing to do this until the sale realizes your gain in equity?

I had about $110k  built in equity so refi with cash out was no problem.  

With the growth in equity and decreased principal we are now in the process of refinancing into a lower interest rate and conventional mortgage to remove this added expense.

The other question here is Does you mother need that $56K in equity to have a retirement?

No worries, I'm afraid the picture I attached with the financials has a very low resolution.The purchase price is $5,600,000 for 52 units, the loan amount is $3,700,000 secured at a 30-year term with a 30-year amortization period, interest rate is fixed and rate locked at 3.85% for 5 years.The sponsor is raising a total of $2,500,000 in equity (they are also buying in ~15% of the equity), so the additional $600,000 raised are going in closing costs and fees (~300k) and budget for renovation (~300k).Because of the favorable debt, the DSCR seems particularly good (I have been comparing this deal to other crowdfunded on the web and boy those are risky, some barely get to 1 with an interest only loan!)

I've been rehabbing my primary over the last year and a half and we've made about 65k in equity (according to the recent appraisal).