What is best approach to obtain equity?

[Graham Nash]

We just purchased and updated our 3rd single family investment property. We combined a HELOC and cash to purchase the property, around $36K invested. Now that the property is up and running, I would like to recoup my cash and reset the HELOC to its fullest amount. I'm not sure if this is even possible…Here's where I need your experience!

A conventional loan would be great, but I’m not sure if that’s possible since I own the property. It seems like I would be pawning the deed. So far I have the BuyRehabRent taken care of, but I’m not sure if I can refi a home that isn’t financed with a conventional loan.

I’ve seen posts that offer private/hard money lending, but they require a minimum of double what I would need. This could be a good thing… I have another property that is paid for and has relatively decent amount of equity. Could I possibly roll the 2 properties into one loan?

I’m looking for advice and suggestions from individuals who have EXPERIEMCE in these situations. My goal is to earn the greatest return on my assets without getting overextended. Thanks for reading and your time!