She had only $30K in equity and wanted to sell to my flipping company just to get out.

I’ve got around $180K in equity based on recent sales in the same development, and I’m now looking to put that to work and expand into more properties.I spent over a decade as an automotive technician before recently transitioning into the tech industry.

At 7% interest on a 30 year fixed loan, your P&I payments would be around $550/mo (add taxes and insurance for the full PITI payment)$1M in value with $890k in existing debt: In this scenario, although you indeed have $110k in equity, you're already at 89% LTV and don't have enough equity to do a cash out refinance. 

Vs if you only earn 5k a year in cash flow that would take 4 years to get that money back, it might be better for me to think about where else i can put that money to better use.Or maybe you can invest that 20k into the property like getting a new kitchen and bathroom and now maybe the appraisal gives you a $20-40k bump in equity doubling your cash invested.  

Ultimate goal in all this is to expand my real estateportfolio while using some leverage in equity that I currently have in myinvestment property while also giving my 401k some exposure to a differentasset class than the stock market.

I know some people who get to $1 million in equity then quit, some target 5 million some target even more.

Building 10K in equity didn't take long after building a small RE portfolio.  10K monthly gross rents took several years because we started in the 80s and 90s.  10K of cash flow is also difficult now to remember when.

If you are structured properly, you'll make WAY more than the 7% you are making in equities, significantly more.

I own a 2 door property that has about 200-250k in equity.

I have less than $12k in renovations in the property and $90k in equity because of creative financing.