Nominal no value in refinancing.

Now, here's one important point I've learned over the past 7 years - never do business with ONLY  one bank (unless you are only buying a property or less per year) - you never know when the bank will lose their appetite for cash out refinancing or construction loans. 

Since I refinanced most of the appreciation was taken out with the cash out refinance. 

I bought it at auction, rehabbed it with my son, refinanced it and rented it out.

If so, a best course of action would be refinancing those into lower-rate perm debt which should lower monthly payments and maybe provide some cash-out - that would be the cleanest/most conservative way to build up some more capital

I just closed on refinancing the land out of hard money yesterday, which gives me time to search for a lender, investors, and move some things around that could allow me to need less loaned money which may make. it easier to get approved.

Many bought in cash and then refinanced the debt when interest rates were low.

I have plans of refinancing the hard money loan with a traditional 30 year loan in May'24.

I raised this concern because I haven't encountered such a situation before, and I'm worried about potential issues with refinancing after the renovation

Have not refinanced yet, but will soon.