Most people that I know just sit on it for decades, while paying property taxes.

I'd recommend sitting down daily and writing down every single action steps that will help you get closer to your goal and mark each one off as you go.

If you recall also those with swimming pools in Los Altos hills that were on a hillside some of them the water came out and flooded into their homes.. it was quite random.. my kids were walking home from grade school alone ( Back in those days it was OK for kids to walk a few blocks by themselves.. )  The poor folks though on Hwy 17 connector through Oakland got pretty much squished when the top deck fell down that was very sad..

Instead were sitting on equity, a handful of SFR, cash reserves, and looking for the next opportunity.

For the inner oven glass, a paste made from baking soda and water can be applied to the glass; let it sit for 15-20 minutes before wiping it off with a damp cloth.

In the summer everything settles back down.If my assumption is correct, when the foundation lifts the floor in the winter, it will also raise the exterior wall sitting on it.

You could then get a HELOC/LOC on that paid of property (a product that doesn't require you to use it) and then if you did have a big emergency you had a line to use on it.Now, ALL of this is dependent on how much money you have in the bank, how many properties you have, what your income will be like in retirement, what the standard age would be for your end of life (that's a scary one to think about), and while yes, you can certainly take equity out I just think it would be good to sit down with a financial planner...or even some other investors that are local to you that are around your age demographic and see what they are doing.I'm glad you are thinking about this for sure.  

And I know 200k doesn’t mean much especially when it’s just sitting currently.

I have cash that I'm sitting on so don't need more.  

Just content to sit on the sidelines and not "force" a deal by being too optimistic when you run your numbers.