cash-out refi with bad comps

[Daniel Somers]

I had a question I was hoping someone could answer. I live in small town, and I recently purchased a duplex that cash flows great, but I would love to do a cash-out refi so I can pull that money out and invest in a new rental. The only problem is I spoke with my bank and they said that in order to refi I would have to get an appraisal that is based of comps in my area. Which being from a small town, duplexes don't sell or go on the market too often. Do I look for another bank that will refi based of ARV? Or what other options do I have besides using comps in my area if any?