Would a cash-out refinance to free up equity and keep growing be a smart move, or should I focus on paying down my existing debts?

Don't know how much renovations will really cost, again, either PM or GC conversations.  

Free healthcare free cell phones free housing.  

You'll spend some time watching the videos and in return you will get some free education. 

$10K savings to you or higher cost to you? 

Your team can provide valuable insight and help you avoid costly mistakes down the line.5.

This will allow you to mitigate risk on the first property but also allow you to do a cash out refi on the second, so now you have access to tax free cash that you can do with whatever you please.

For example, with 5% inflation, a $100 basket of goods today will cost $162 in ten years.

At the end of the day; you need more money to do something like this.MAX LTV on new builds is 80% LTC, Meaning if the build is $550,000 and Land is XAdd ($550,000 + x ) * .8 = LOAN AMOUNTYou would need to come in with MINIMUM 20% of the cost in addition to closing costs and reserves, $80,000 is not going to cut it for this project.

You have to put 5% down vs 3.5% down, rates are usually higher, but if you have strong credit, your PMI cost can be cheaper than that of FHA loans.