Having owned property in rockford its not a great appreciation area so getting a HELOC will probably take 5-10 years based on loan pay down and maybe some slight appreciation.

To ease the situation, consider offering a buyout agreement where they pay a lump sum to end the lease early.

My advice would be go for the most they will loan you as long as you're in an appreciating market and you can find a value-add.

I have 2 other monthly loan payments I would like to pay off or lump in with my refinance as I believe with the forced appreciation and normal appreciation I will be able to pay off most my HELOC (5.99%) and all of my Credit Card that is currently at a 0% APR until end of May.

My question is, could the city be responsible for this situation?

However, I received some feedback from one of my partners that the play here would be for an investor to subdivide or re plat the land for a multiple tenant situation.

So I did a 3-2-1 buydown and secured a 2.875% interest loan for the first year of the loan, and it will gradually go up a percent each year until it hits my rate of 5.875%!

In this situation now.

I was in a similar situation in 2021 while living in San Francisco.

They'll loan on a rental portfolio.