Leveraging equity - Question

[Phillip Rhegness]

I am learning about the "proper" way to take advantage of leveraging equity using rentals/apartments/leases and holding the properties for an extended period of time, i.e. for years.

I have an industrial property I purchased using some of the equity in my home. So the property has no lien on it. I will be getting it appraised after I figure out what I will purchase next and how I will be using the equity in the industrial property.

A conservative guess is $80-100,000 in borrowable equity in the property (taking 80% of the appraised or FMV).

What is the better way to utilize this equity (or cash) that I have? Leverage out all $80,000 ? Or use only $20-30,000 of it the first time out?

Also, I have the industrial property advertised for lease for $1800 to $2200, depending upon use. I have had three offers at $800 but that is way too low and those were not the type of tenants I am looking for anyways.

When it leases I will have it appraised once again to reflect the value in the lease agreement. I want to have a second property by then so I can capture a total value of assets own by the LLC I have.

So my question is, after all the rambling, What is the proper way to make use of your equity through leveraging? Use all of it on a single, large purchase or spread it across as many properties as possible?