Our team transformed the property by investing $35,000 in targeted renovations, focusing on modernizing its appearance and improving functionality.

Unfortunately, Texas has a law prohibiting HELOCs on rental properties and I believe they also have a 70-75% max total loans allowed on the property which cuts into the equity I've built and would only allow for me to access 30K which would make it less appealing to go through the process for only 30K.

Focus on value-add properties where improvements like renovations or better management can increase returns.

Additional things to consider: where is the breaker box and do both units have access to it if needed?

This is more about riding the wave of a growing market.2.Forced Appreciation: Actively increasing a property’s value through strategic actions like renovations, raising rents, or improving operations.

Access to Larger Loan Amounts: Cross collateralization allows borrowers to leverage multiple properties, which can lead to a higher overall loan amount than what might be possible with a single property.2.

Marketing and home improvement activities may count as well, provided they are directly tied to property operations.2.Time Spent by OthersThis ties back to keeping a logbook.

Make sure you have one to keep improving onTwo things I noted:1.  

If I understand correctly you'd be purchasing the land, and improving it and splitting it into the appropriate "buildable lots". 

These are typically located in lesser-known vacation rental markets, but have very strong fundamentals and great room for improvement.