Have not refinanced yet, but will soon.

Cash out refinanced a year later into a 5 year balloon on a 20 year amortization.

Federal guidelines do not allow loans like this to be refinanced sooner than 90 days I'm told.

I am usually close to budget but this one is way over (tens of thousands, probably $40k over) and is not a flip and not being refinanced (due to where rates are versus my ~3% current rate) so the recovery has to be slow over the hold.  

Refinancing is always an option but don’t want to be timing the market.

I have serval rentals that have good equity positions. if I knew of a lender that did not mind me wrapping the loans I would definitely be open to refinancing them at least for what I owed with such a lender.

Cash out refinanced a year later into a 5 year balloon on a 20 year amortization.

Some refinancing provided lower interest rates and cash out money to buy more property.I've had REIT and their cousin the real estate limited partnership. 

After the 12 months is up, you can rent out your unit => then repeat the process.Be careful of refinancing.

I managed to do that through a combination of doing cosmetic updates and then refinancing out plus using cash flow to extract any remaining money left in the deals.If you want to be aggressive like that you'll probably be looking out-of-state.