I would say, don't pull the trigger too quick, but don't be afraid to pull the trigger when the right thing comes along. 

I have looked at a lot of houses just can't pull the trigger.

I had been looking to "pull the trigger" and get my first deal under my belt.

Hey BPers,I have heard or read countless investors say on podcasts and forum posts that they cash out, refinanced to pull out the equity to purchase another deal.

Pull out the ones that you have to, and fill in the gaps with a small section of vinyl stick on floor (squares), and then put Allure on top of that....   

For example you out grew it, it was a two bedroom, but you got married and had two kids (a boy and girl) and now you need a three bedroom (a little hard to pull off in one year unless you have twins =) ); the other option is that the first property you financed as an FHA is a very far commute to your work, and now you found a closer property that you need to relocate ( the properties cannot be in the same city if you're using this reason and I am not sure how far apart they could be).  

If you buy correctly,  you can wait 6-12 months: refinance,  pull all your capital out (and hopefully extra), lather rince and repeat until you hit your fannie/freddie loan limits. 

You don't know how much pull she has, maybe if you win her over it'll help your cause with the boss. 

I had a valuation recently that put it about $20k over the 2007 price so I could pull out with minimal profit, but I'm inclined to just keep it on the back burner and continue with my full time job in the meantime, whilst looking at other properties in North America.Any advice you could give would be greatly appreciated.  

However you could finance 100K(plus any closings) which would provide the cash to pay the 20K back.Where people get in trouble is when they do the opposite - pull out cash and decrease the amount of their loans - that is called a taxable boot.