That gets back my rehab costs of ~25k but I will have 50-60k locked up in equity.  

I currently reside in a duplex I own with about 10k in equity in the Drexel Hill area. 

What would you do if you had a house that has $200k in equity and your looking to start investing in real estate? 

---% 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.