If you find a good deal, you can pull cash out after refinancing, which allows you to scale quickly and reinvest.

He self-manages, is his own handyman and had to pull out the little equity he gained to pay for roofs and HVAC. 

If I do go the FHA route and live in the property, would I be able to cash out refinance the property after the “seasoning” period and pull out my equity after the rehab and tenants are in place?

this is all i needed to see:Business coach Kris Krohn blasted for pulling kids from public school over fat teacher (nypost.com) Ya know, as a holistic health provider and conscientious parent, I'd probably do the same if my child's teacher wasn't a good fit. 

I pulled some past deeds and it looks like a substitution of trustee and full reconveyance can be drafted by title.

You have not pulled together a financial plan.3.  

I'll preface by saying I'm not a tax expert, but just went through a cost segregation as a REPS and this was my view.The benefit from pulling out these items coupled with the bonus depreciation far outweighs any incrementally higher taxes in later years, by quite a large margin. 

I owned the property outright in Connecticut, so I actually pulled out at closing once I saw the fees, I just couldn't continue.  

My initial thought is to invest this into the stock market (Amazon, Tesla, Google, etc...) and keep doing that for the next two distributions as well, ultimately pulling it all back out, plus the earnings (hopefully) in 3 years time to purchase a house.Based on the plethora of experience in these forums, does the above sound like a good plan? 

If the property you're thinking of tapping into equity for is the one you listed, you bought for $495 and you owe $450 on it, unless it has appreciated quite a bit I don't think you have enough equity in there to pull from.