I promise you will have options once you finish renovating.If you purchased correctly (location & purchase price), you will have enough equity so that you can either sell it for tax free capital gains, cash out refinance (if mortgage rates are lower), or pull a HELOC to acquire your next property!

Oakland has some ambitious plans to improve the city, and as rate improves, I firmly believe certain parts of Oakland will recover faster than others.

You can increase returns with leverage (that is a mortgage) or with value add (renovations, additions etc).I think cap rates (rents minus expenses divided by purchase price) on commercial and industrial is higher with less work involved, but its more expensive than I can afford--so I know next to nothing about that land.

refied with Mike Tavani and Krista Oslar are Guaranteed rate.

High interest rates are deal killers IMHO.

With the increase in rates that started in Q2 of 2022, there is a chance that I will have some loans that are going to go over 5 years. 

Cash out: $55,000All money out plus roughly $3,500 in pocket.... principal and interest $767/monthCash flow estimated at roughly: $200/monthMy plan would be to refi around year 4 or so before the adjustable rate kicks in.

It will tell you how much loan you can access and the interest rate. 

Unlike HELOCs on a primary residence, investment property HELOCs tend to have higher interest rates, stricter terms, and the risk of being frozen or called due by the lender.

Keep a close eye on interest rates and cash flow projections to ensure these strategies align with your financing plan.