I recently rented my 15,000 sq ft warehouse to a multi-state, A credit tenant. It is only a 1 year lease with renewal options because the tenant does contract work for Duke Energy and does not want a long term lease i...

A 10% increase in value probably isn’t worthwhile to refinance (unless you’ve paid down some of the mortgage too).

Cash out refinance (or Line of credit or?) 

Driving for dollars seems to be our best bet as of now.

My wife's tiny little home town in West Texas suddenly got a big boost as they found a bunch of oil nearby the other year and suddenly all bets were off.

I plan to live in one of the units and pay rent to myself to do a refinance sooner than later. 

So areas like that are not a smart bet compared with more urban areas.

@Amala OdomsI would not refinance to a higher interest rate if it were me. 

hey @Andrew Postell im also curious as i am in the same position and would like to use a heloc from someone else who will give me access to funds but i have no money, poor credit and plan to refinance asap.1.)

With a HELOC you only pay on the money you are actually using not the total credit line.For example if you have a HELOC for $100k and only use $20k of it you then you only pay on the $20k borrowed.Whereas with a mortgage if you refinance for the $100k you are paying on that entire amount from day one.Also as you've already pointed out you can typically get better rates with a HELOC.