A great bookkeeping or rehab team will be able to advise you a bit on this, but your active involvement in managing and reviewing those team is how you'll get the best results. 

And you also should probably be talking to local lenders, typically going to be local small mid-sized banks and or credit unions.

@Devin Cutler I've had lenders tell me the funds cannot be used for things like "business purposes", "educational uses", and "new property purchases".

Feel free to PM me and I will add you to our team's deal mailing list and can provide referrals for lenders, contractors, etc.

I could only get 1 DSCR lender to do 1 of my SF properties due to the low ARV, the fees and interest rate are absolutely not worth it.Are you bundling properties together when refinancing? 

Talk to a lender and figure out the best way to use your capital. 

Underwriter/lender accounts 75% of that which is $1950 which is perfect.

Is there anyone that could review this creative finance deal for a 4/5 unit property and provide any feedback?

Cash out refi usually requires a seasoning period (eg. 1 year before you can refi) but can vary lender to lender

- My Lender suggests I live in the home for a year or so to benefit from the lower interest.