Equity position to refi down the road

[Corey Drexler]

Im looking for my first rental property and the plan is to refi quickly as possible to get money back out and acquire another property and so on and so forth. So obviously its very important for my first deal to be a good deal so this can happen. What does a good equity position look like and how do i get there so i am able to refi within the first 18 months? I plan on doing an FHA loan...possibly a FHA 203k depending on the property's condition, so my equity position when purchasing is imperative correct? I hope the reader's understand my question, and any information is absolutely appreciative. Thank You.

[Christopher Rutherford]

@Brian Garrett I don't have all the numbers broken down into super detail. I just did my taxes and my basis was right around 300k. I was clearing $900 a month cash flow managing it myself.