@Don NelsonYes, many banks will cap you at 4 properties so it's a good idea to pull the HELOC on one of the first few if you plan on using it multiple times to acquire new property. 

At the current moment, I do not have enough equity in my house to where I would be able to pull out the minimum $25,000 required by the current bank my loan is under.

I have done a lot of business in the area but never pulled the trigger on one for my own.This property is going to require more work than the first. 

My ultimate goal is to pull out the equity from this house and go for house #2.+ Get a HELOC on my primary residence and use the cash the finish the rental and rent it - just 10K?

I could pull out 85k minimum off of it and offer cash.

Get a few deals, get your feet wet, while still gaining knowledge on LLC, S-Corp, etc, then pull the trigger.

Hey guys so I have a single family home right now that I’m slowly fixing up as I love in it with the goal in mind to pull the equity out to purchase a multi unit building.

We plan on being able to pull out 55-60k on the refi (mortgage under my name) , and the property rents for 1,395/month.

Ideally i would then like to use Rental Income from AirBnB to pay off source of funding for rehab on primary residence and being able to pull out profit from equity gained to use on another real estate investment.

Lastly, the pay structure with JB was so completely confusing he ended up pulling out.