Part of the reason a condo attracted me so much is the low barrier to entry, and the fact I could be building $300/month in equity on the mortgage, and still saving $250/month after mortgage, insurance and fees over the rent I am paying.In particular, the unit I have had my eye on is listed at $130k, currently rented at $1000/month.

Harb The question comes down to do you have them time, resources and skills to do everything from out of state and whether you can truly have built in equity by doing it yourself.

We're cashing out $300k in equity and our monthly payment dropped by about $200.

$200k in equity should be no problem.

I am not an expert investor by any means but I did make 60k on my first live in flip and my current house I am about to list has an estimated 50k in equity.

The risk during a downturn is not just the loss in equity but the loss in ability to service your mortgage loans and operating expenses on the property.

Lot's of owners have had a run up in equity getting little returns for cash flow.

I currently have around $450-500k in equity.

., you owe more than you have in equity). 

Hi,I've posted a few times for advice but recently I have made the move to leave the world of being a rental tenant in order to live in a multifamily property and rent out one unit to offset the cost.Once I move I will be living in a 2 unit property with approximately 200k in equity (40%) right from the start.