It was owned by the state highway department and was originally bought to put in a limited access highway interchange. 

The 650 score will be a major barrier to accessing the equity via DSCR cash out. 

This refinance would potentially allow you to pay off the construction loan and potentially access additional funds to build more units.The new loan amount after the cash-out refinance will be based on the current appraised value of the entire property, including the new construction.

I'm a out of state investor, opened up an LLC. bought property in this LLC Free & Clear and now need money out of these property to pay off some loans and bank is telling me that after Covid they are not giving mo...

This creates access to capital.Potential benefits that I can think of: -Very stable tenant.

Develop different buy boxes.Land that you can subdivide.Land with two access points or roads.Rough land that has trees, ditches, nasty property.  

You can access equity of current primary by a Home Equity Line of Credit (HELOC) or refinance.

This achieves your goals of, both, accessing the equity and growth, and reduces your stress & workload. lolFeel free to connect with me.

If it sounds to good to be true and only one person has secret access to it - it is a scam. 

While there are costs associated with purchasing properties, the platform itself offers free access to property details and market data.