Income tax at Capital gain rate- let's use a flat 20% for this discussion. 

There is a 20x20 or so area of flat yard in the back and then a steeper part.

if you ever needed, this resource was recommended by a contact of mine:nationwideeviction dut comFull disclosure: I do not work for them, provide any related services,  and I have never personally hired them.

I used to have one guy who did it all for me for a flat hourly rate that I could afford, but, not anymore.

Are you able to sell your current property and buy a flat that you could house hack to offset your monthly living expenses?  

If the unit has these:Assume replacement every 10 years:Water heater - $900Refrigerator - $900Range - $900Dishwasher - $600Clothes washer/dryer - $1000 combinedEvery 15 years:Furnace - $2900Central air - $29003 BR SFR Flat Roof - $2100 + $300 per 3 years to coat itI annually plan for an additional $1,500 of miscellaneous maintenance expenses and $800 for capital improvements.You could probably use something like this to estimate your per-unit costs as some units might not have all the same features.  

It used to be you could build for $100/sqft on flat land and about $200-300/sqft on a slope...but inflation and also skyrocketing prices in the Bay Area have doubled/tripled that. 

But I can flat gurantee you that there are not lenders giving out 6% money to those they don't know.. that beats bank rates in many markets.. just not real

If you are comparing to a condo; you are better off with a 3/6 flat.

In addition the bank could take forever to get an acceptance and the interest rates might have changed by then affecting the price you can pay etc.It helps waiting sometimes if market value is rising and you have a set price but if the market is going flat and interest rates rise or market prices go down it can be a negative.No legal advice.