*Sources: Old Town North Power Plant Redevelopment Frequently Asked QuestionsPotomac River Generating Station CITY COUNCIL HEARING (Detailed breakdown of the project here)Old Town + All of Alexandria: Alexandria's RiverRenew Program Will Allow Residents to Swim and Eat Fish From the Potomac River by 2040Alexandria's Potomac River waterfront properties have served residents with phenomenal views of the river, National Harbor, and Washington D.C., making the real estate there incredibly desirable.

If your goal is growth, a refi now might make most sense, but only you can make that decision.I'll also second what @Jaycee Greene mentioned that most lenders won't go to 80% LTV on a cash out refinance. 

Sometimes it is just about timing and being patient.Lastly, echoing @Jonathan Greene - Don't jump at the first application PLEASE do your due diligence, call references, past landlords, etc.P.S.

Trying to have my cake and eat it too by paying off the mortgage and having that comfort or largest expense being gone, and still being able to scale rental properties with the liquidity of the all in one.

Quote from @Jonathan Greene: I believe in SLC, they are still requiring the owner to live in the main house (meaning you don't have to be there, but you can't rent it) for you to use the ADU for anything else.

Quote from @Jaycee Greene: Hey @John Tomassacci!

I am an old man and I have learned to not crap where I eat. 

Of course, with private lenders, you must give up equity or a return on the debt.I agree with @Jonathan Greene that the BRRRR market is difficult right now.

We added two firepits, multiple lounge areas, barbeque and eating area, stargazing chairs, yoga mats, games, large screen TV for movie nights, music and more.

For example, I've had clients walk into homes with vibrant orange kitchens or neon green bathrooms and instantly feel overwhelmed.