BRRRR -- This deal was closed a few months ago. I cashed out refi, pocket $4,000 and equity built: $67,184.34.
It only cash flow $100 per month after expenses (PITI+8%PM).
Like Brian always said, this is not a get rich quick. Anyway, I got the equity without using my money. Good luck everyone. If you have any questions, would be happy to answer! LOL