@Nicole ShoafYou are correct and have equity locked up in those units, a good lender can give you options on HELOCs or other loan products that could help get some equity out without selling.

We have 2 San Antonio sub2 deals that are turn key homes and only require about $20-25k to close (assignment fee + closing costs).They're a great option!

However, if you want long-term stability and predictable payments, refinancing might be a better option, especially for larger projects.

or options 3, 4 and 5 don't supply washer and dryers and either the tenant provides their own, rent appliances or goes to community laundramat.

.), so I'm seeing what other options there may be. 

The best option would likely be a construction loan, which can cover both the purchase of the land and the build.

DM if is you want to talk other options.

I’m considering doing a cash-out refinance, not sure what the best options is , to use the rental property or the rehab property.

FYI, a 203k FHA loan is not a DIY-friendly option.

.- With $100K, you have a lot of options.