During my day I come across people who are interested but im starting to think  you may be right @Anil Samuel today alone Ive come across 3 people that are negative in equity. but I will still continue to pitch the option to my free and clear prospects as the goal for me is building passive income thru rentals. wholesaling is only a tool to get to the goal

This doesn't seem terrible to me - you have $40k in equity! 

Currently I have a duplex with $45,000 in equity.

For example, in your scenario, you would have earned almost enough from the cash out refi ($22K) to have covered your initial down payment ($18K) and repairs ($8K), while also immediately gaining an additional $20K in equity?

Additionally, I am sitting on approximately 800k in equity in my current residence. 

If I am able to source deals through a sound brokerage network and am looking to get to deals of relative scale faster (raising between $1.5m to $2m in equity capital at an 8% hurdle), where is the best place to find people interested in investing in a new GP with limited to no "street credit"?

So theres a nice chunk of built in equity.

There's an assumption that people can save a lot of money and have built in equity by doing it themselves instead of buying a turn key but more often than not, that's not the case for a newbie.

As such, that's why I'm interested in getting that $700k in equity to work for me. 

I really couldn't understand why a home with $25,000 in equity had to get passed on.