I dont think you have enough equity to refi and consolidate the two. combining them puts you at over 96% LTV. cash-out will likely max you at 75% LTV of the $450k, so raising your rate on the bulk of the debt probably is not the move if you still have to bring in $100k to do so. is your 2nd going to balloon soon?

I can do two apartments for $15,000 complete with new floors and new appliances.

We have two lots of land in south Saint Paul Minnesota which total approximately 2 acres right next to each other.

I am purchasing a house and 2.27 acres of land and from the same seller I am purchasing a second tract of 2.77 acres. Do I put the address for both of these on the contract as the address or just the house and land pa...

Two books I recommend for you moving forward are "The House Hacking Strategy" by Craig Curelop and "Real Estate by the Numbers" by J Scott and Dave Meyer.Also - this is posted constantly in the forums and can be debated, but acquiring your real estate license just for one deal might be a massive waste of time.

A healthy price will generate a lot of inquiries, but only one of two applications in the first couple week. 

Jonathan the Baltimore property has been vacant for about two years. 

It sound like a good deal and very good idea.There are two ways to can get this done and safe money. 1.

Of your two options, I like some version of #1......

My buddy has done two older school buildings and fills them up.