questions about refinancing

[Paul M.]

Lets say I buy a property cash and in 6-12 months after I rehab, I decide to refi. and pull out cash. 

question 1) The 2nd property that I purchased with cash.. can I refinance that property also or would a lender want to see the first refi paid off?

question 2) After I pay down the refi and I now have 2 properties, would a bank allow me to refinance that property again or no? In other words can you refinance a property again after you pay it off?

Thanks, this place is awesome.