I would like to "sell high" within next few months and use the equity to purchase multiple out of state cash-flowing properties.  

This is what I've seen with unemployed. 1) there aren't many here that are 2) most max out the equity before thinking of selling so lots are either upside down or break even.It would seem the unemployed space would work best for subject to deals (take over the payments). 

I have built a retirement account of roughly 70k and have approximately 15k-25k in equity in my house currently.  

There are 3 ways to create returns on rentals: buy with equity in place, benefit from appreciation, and cash flow.

The property would have to have some kind equity or be so upside down the bank would do a short sale otherwise why would the owner sell.If you have a way of identifying the property I would give it a try but don't be surprised if you have to kiss 100 frogs to find the prince.

Just picking only multis doesn't always guarantee success, and for me  I'd MUCH rather prefer a balanced portfolio - Multis for high cashflow, singles for equity and liquidity. 

FIRST - YOU need to have just a few of my credentials - 74 years old - in real estate and development for 48 years - a Mason - auctioneer and full time investor.If it is OK with you - this is how we'll work - I will give you instruction on how to develop real estate leads - the leads call me or you - I interview the lead and determine from their answers if their property has any EQUITY.

You must find a way to fund the purchase since you are buying first and your equity is still trapped in your Relinquished Property. 

The property is not listed for sale right now but I'd like to approach him with a fair offer that positions me well to capitalize on the value added through additional  units.

Now I'm on a mission to become a Master Investor and provide prosperity for my family as well as the ability to make a positive impact on others'  life.