So, you say will I want to take some cash out using the 200k value but most programs will require you to wait some period of time from 3 months up to 12 months for conventional before you can use that 200k value to pull cash out.This seasoning does NOT apply to delayed financing as I mentioned in my post above.  

I bought a house 3 years ago with $420K and after 3 years the value on Redfin is about $460K so the appreciation is about $40K.

They tend to cost more to construct then they add in value, they are generally more valuable for a property you are holding as a way to generate more income.

@Colleen A Levitt check if you have a prepay penalty and what the seasoning requirements would be for the new loan to recognize the new value.

I know it's a balance of reality, values, and what makes one happy that guide our decisions.

@Stephen Karathomas The values of mobile homes and what you can pay for them depend on the area(s) you're working in.

This is a reposting of a previous postI value Matt Scott's commitment to help me in with my success.

I put 20% down using personal and private lending.How did you add value to the deal?

But, I'd like to focus only on value-adding renovations (for rentals of course). 

Pick one with value add potential.