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

Sounds like you have some options which is great man.

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

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

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

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

Quote from @Heather Luu: Unfortunately, you would have to re-key the locks.Here's another option.

I optioned the property about 4 years ago..

Here's a good breakdown of your options for tax collecting starting Feb 1 based on the new regulations.

I’m hoping it will get me a better interest rate and payment so my rents can cover the mortgage.I will be reaching out to you guys to see what my best options are.Pretty cool to have this community to help figure out problems  It depends on what you are trying to accomplish.