---% I also have built in equity of the property  averaging -?

For example, if you sold now and broke even is that better than waiting another year with negative cash flow (of potentially a smaller amount) and gaining $10,000 in equity?

Thank you both very much for your replies  ( very Informative ) Here is a Breakdown of my Current situation, and what I am Looking to achieve..........I have right at $40,000 in Equity on my Primary Residence  ( which I purchased with an FHA loan ) , right at 1 year agoI am wanting to use my VA loan, to do a Cash-Out refi., and get roughly $25,000 out , to use as a Downpayment/Rehab on an Investment Property  ( So borrow about 63% of the available Equity amount ), thus still leaving about $15,000 of Equity in my PrimarySince you can't use a VA loan to Purchase an Investment Property ........

I own my residence in Ventura Ca. and have 2 rentals in San Diego totaling roughly $450k in equity.

You also must be aware of the fact that you have $100K in equity tied up in the property.

He has owned the house for nearly 10 years and says he has just over $100k in equity.

I don't really think or believe Brandon hit 7 figures in equity in 7 years, sounds more like a book title to me. 

I'm looking for a lender willing to do 100% financing since there is at least $25,000 of built in equity on the property.Any suggestions would be appreciated.

Once you've done a couple and have 40-50k in equity you can just do the cash out refi (hopefully) and keep on going and buying more with that same equity over and over.

Maybe Im looking at this incorrectly, however I would think that if a mortgage was taken out on the subject-to-value of the home, there will be no  built in equity.