Project not 100% (Maybe like 85%) complete before refi question

[Drake Espenlaub]

I purchased a duplex and I have completely renovated it. Without dragging the post out too much, it was essentially a gut remodel (saved cabinets with paint), new bathrooms, new hvac, new windows, new flooring, new paint interior/exterior. I would say the project is 85% complete. 

The upstairs unit will be finished in the next week or so, my plan is to continue to live and work on the downstairs unit. Which has probably a month of work left at a slow rate (working when I get off work). Basically what it needs is trim, new doors, interior patching and finishing items with moldings etc, and a little exterior work.

My question, I have contacted a couple different banks to start the refi process. I have decided to do a cash out refi, in which will give me a proper appraisal of the entire property, not a "drive-by" appraisal. Curious if anyone has ever done the refi a little early? If they ran short on cash and needed to do it to complete, or another situation?

My situation is I am switching jobs internally with the same company, however I am taking a 50% pay cut and don't want to risk my debt to income ratio on a cash out as neither unit is rented just yet. I am able to show my last two pay stubs at my current rate for another 2-3 weeks.

Just looking for advice basically on if your home is lacking a few minor finishing items if the appraiser will do anything subject-to or if it is what it is. I realize this is probably extremely appraiser based, but just want to get an idea if anyone out there has done this?