On top of that they will accumulate equity about $200/m in the first three years. 

Mostly seasonal wind energy/ oilfield workers, and seasonal school teachers have been previous renters.Sweat equity for bathroom to be completed by myself (10 year unIon carpenter in my former life in Southern CA) total materials $1091.84.The (3) appliances are $1645.

I’d like to get started with investing in property, but I’m at a point where I don’t know which route to take regarding whether to sell my house (and move back with parents), refinance, or take out a home equity loan to fund my real estate investment plans.A little side note, I purchased this property two years ago.

Perhaps the bank declines a 75% LTV loan, but if you re-approach as a 50% LTV loan you might get a favorable answer.Another option is a bridge loan. 

We have a sfh (former primary residence) grossing $425/month and with over $140k equity (15 years in possession) and I am finding multi family homes in same area for slightly higher monthly cash flow with long term greater return because of having more than one property to rent.

Also in a good area like Bergen/Scotch Plains etc. if you buy at a good price, you will likely buy into equity and the PMI will be a brief inconvenience.

Very helpful viewpoints, been struggling so much since I personally really favor the location, I guess the numbers don’t make sense therefore might not be the best fit.Btw glad to connect Nathan!

Is there just not enough equity for it?

I have 2 scenarios coming up where I will need to do a commercial appraisal on some of my properties to utilize the equity that I've created. 

I would draw equity out of it with a HELOC if ideal.