Looking for an outside perspective on my property

[Richard Machemehl]

I have a few things I'm considering here. I've been renting the place I live, but I want to purchase my own place. I also own a small condominium building with 3 units. 

The condominium building has one commercial unit and two residential units. I owe approximately $950K on the loan, however the loan has a fairly high interest rate. The property value has increased since I purchased in 2017. I have a few options to consider and would really like feedback.

A. Sell the two residential units for $1.3M. Take the money out and put it towards my own home. Keep cashflow on the commercial unit.

B. Cash-out refi, which is the same monthly payment but I pull out $200K. Use the $200K towards my own home. Keep cashflow on all units.

C. Either option A or B, but use the money for another investment property. My wife and I want to purchase some land and build a home. Building anything during the winter is impossible, so we couldn't build until next spring. Between now and next spring, I could invest into another property, fix it up, then do a cash-out refi. Then purchase land & build in the spring.

Let's discuss! I'd love to hear your ideas. Thanks.