I also agree to not DO it all by myself, must start searching for a good handyman.Anissa Coury, the house was appraised for $135K in 2009, so I'm more than half way in equity.

Neither of mine have conformed to either rule but I've still made money in equity, taxes, and asset increases...with some cash flow.

They have about $50,000 in equity on the house and after the sale, should have around $40,000 in proceeds.

This would mean 30k in equity for you, which will help you renovate your now VA loan home or use on another investment property.Renovate the newly VA loan home bought at 0% down using the HELOC funds. 

$110,000 in equity in only 10 months - 75K cash invested = 35K added equityHELOC out all money for next property Lessons learned?

So, we have about 350k in equity that we’re sitting on.

Conservatively speaking, should $750k in equity be giving me more than the $3400 per month we are clearing today?

But to answer your question in a broader sense, I am marketing to $600k and under in market value, $200k or higher in equity (on the sale side). 

So at 75k LTV I am looking at 50k in equity, what are the odds of being able to use that equity as leverage?

The money I give a seller comes out of the $25,000 investment.When I sell to a Tenant Buyer, since I am offering Terms that they otherwise can't get, I sell the property "As Is" for a "built in equity" of an additional $10,000 to $25,000 depending on the house.