Starting Cash-Out Refinance BEFORE Completed Rehab?

[Ryan Biankowski]

I'm roughly 2 years into a "Live-In" Flip where I've done all the rehab work myself to save money.  I'm about 90% done with the work and have roughly $10K debt on various credit cards from what I couldn't pay off myself.   The entire house is complete rehab.  The only projects remaining include the entire master bath, painting the exterior and some various touch ups that aren't really a factor.   I live in Wisconsin, so painting the exterior is not an option for about 3-4 months.

If I refinanced sooner, I could use the money to help pay off the CC debt and then parlay the rest into starting a flipping business on the side.  I'm curious how this might affect the appraisal in anyway?  What would you do?  

Purchased: $160K (153K remaining on mortgage)

ARV: $250K (fully renovated)