Not really looking for a quick flip but rather building long term buy-and-hold portfolio,

Looking to also build my portfolio with vacation properties and multi-family investments. 

I have no idea what your portfolio value is so I'm just giving an example and you can work out the LTV based on your actual portfolio.

Talk to local portfolio lenders who have a commercial loan dept.

but I am an old dude and landlording is just too much work for me.. .If I was young I would be sitting in Detroit buying every low end rental for cash I could buy and keep growing the portfolio..

I want to leverage some of the equity (approximately $130K-$150K) I have built up in that property in order to purchase and grow my RE biz and portfolio.

Just from what I've gathered from your question here is my responseAnswer: you would need some money, but it doesn't have to be your money.Answer: it's different for each bank but I've read that mostly if you want to go through the bank you can up till you have about 4 mortgages than it seems to get tricky but there are still portfolio lenders and things like that.

The trick is to view it as a part but not the entirety of the portfolio.

Overall I'm a big believer that if you are trying to grow your portfolio via leverage sitting equity is making you 3-4% (Percent on a home loan) whereas if you find a great deal you could be making 10%+ on a rental or even more!

Portfolio loan or 203k loan?