When the value goes up, the tax appraisals go up. 

Assuming the property is not rural and the property can appraise for $150k, that will give you a max loan amount of $137,568 (If the property can debt cover with the $1250 monthly rental income. 

It might state you are applying at ABC Bank for an 80% LTV loan with up to an 8% interest rate with a loan of $XXX,XXXSo, if you don't qualify for that loan, or you cannot get the interest rate stated, or maybe the appraisal is too low to an 80% LTV loan for that amount then you can break the deal because you can't get the financing you anticipated but instead you are CHOOSING (based on advice of the loan person) to switch lenders.

The appraisal I expect to come in at about $650k when it's all said and done meaning the refi at the end of this should result in very little out of pocket in total.The issue for me is the lending side of this deal.

That way you will get to use, in most cases, 75% of the appraiser's determination of the rent to offset the new payment.

Conventional is not giving me upto 75% LTV due to the DTI My properties are cash flowing really well and are appraised at a good value but still under $100K, except one which is $115K.

It's originally was going to be but it's a flip now.Hi Curtis, even if the house is not rented there are DSCR options you can to that would go off an appraiser's fair market rent analysis.

What did it appraise for?

This threw off our numbers quite a bit and it causes us to get punched in the gut when we got the appraisal back.

After three months we will be able to cash out refi .75 and pull out all of our upfront money less about $4.5k pending final appraisal.