I have a change mindset, but this hurdles or getting taller.

[Robert Howard]

Because of bigger pockets, I completed my 1st deal I brought a home from a non-profit that gives small business loans.  I paid less then $5k and put in about $6K.  I have linked the report to this post.  I wipe out my savings for this property, but I'm happy with it.  I brought it last year in September and finally finish everything.  I got a tenant on January 13, 2017.  I have a goal to buy one property a year until I get to five and then maybe two to three until I replace my active income with passive income.  So today I went to the bank to attempt to get the equity out and I was advised that I can't refi because it has to be at least $50k.  I can't obtain a equity line of credit because its not my primary residence.  I have replace I can't with How can I, but it's not working.  I went to 4 different banks and obtain the same answer.  Please help me understand what I'm doing wrong.  I want to draw out $25k for my next deal.  I thought it would be like a piece a cake, but it a wall that I can't seem to scale.  Any suggestions on how to get my equity out would be greatly appreciated. 

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