You have two options: attempt to gather these resources or collaborate with an existing team.

Here are my thoughts about your decision to refinance.Process:Understand your current loan terms.Check your credit score.Compare offers from different lenders.Get your property appraised.Submit your application and go through closing.Considerations:Current interest rates vs. your existing rate.Amount of equity built in one year.Closing costs and fees.Your long-term financial goals.It's a complex decision, so consulting a financial advisor or mortgage specialist might be helpful.

@Travis Boyd Outside of instances where FHA or other extremely advantageous financing options exist I am a proponent of the LLC for investment real estate although the liability piece is overstated.

But a realtor will not know these underlying lots exist and for sure wholesalers wont have a clue.

I'm not talking about cosmetic fixes, I'm talking adding bedrooms within an existing floor plan, creating a second unit (like an ADU), etc.

You do have to qualify and be accredited in most cases to join such clubs, but they do exist.

You'll only be able to cash out a certain percentage of that existing equity.

I didn't think mortgages notes with "anniversary only" lump-sum payments still existed.  

For example, some areas SFH may exist but the clientele that move into them have to be comfortable with the neighborhood dynamic.

@Guenevere F.When I started in rental property investing, I found it crucial to set clear goals, leverage existing skills, and focus on scaling gradually.