If you need to access some of the equity, a conventional cash-out refinance will have the best terms. 

First step is to check with the city or county to find out what the zoning is and the allowable uses are and what is required for development in terms of lot coverage, setbacks, height restrictions, utilities, access easement, parking,  etc.

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Understanding financing options and leveraging MLS access can help start with less money.

This could give you access to the cash you need without selling the properties.

Access to Capital: Fix and flip projects require significant upfront capital - not just for the property purchase, but also for renovation costs.

I would like to avoid providing keys to the tenants and just have them setup and control the codes for access.

But once that's done you'll have a much easier time accessing all units for inspections, repairs, etc. and things should move faster.All that said, things don't happen in the blink of an eye.

You can do a HELOC on rental properties with some lenders to access the cash, but you’re essentially taking more debt out on them.

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