hey guys, I am looking for any opinions or past experiences with cash out refinancing on a rental property.

Short term trading and refinancing RE is Expensive on multiple levels.   

@Daniel Garcia, instinct tells me that you wouldn't "need to take into consideration the fact that the down payment is costing me 5.5% plus (loan) closing costs", because, that's already being accounted for as an ongoing expense against the property that you refinanced!

:Why refinancing at $400k if primary is 200k and rental is 100k?

I will be refinancing, but was told to wait 6 months? 

Either selling or refinancing then renting depending on the numbers/market at that time.

Just run the numbers to see what your cash-flow will be after cash out refinancing. 

. - You get your cash back - you will have around 20% equity on each deal when you refiGiven that buying a distressed property and refinancing take you 6 months because of the seasoning period, It is still better than saving money each month to buy another property. 

That should allow you to cash out most of your initial investment assuming the refinancing appraisal / ARV align. 

How does a 6-month vs. a year long lease agreement factor in when refinancing?