Do not forget to account for the Refinance loan Closing fees

I am searching for a new loan, I must refinance my primary home to get out of a horrible interest rate. 

(May be able to do over time)Currently renting below market for total income of $4,850 (month to month)Based on my knowledge of the area, and running comps, "Market" rate would rent these for a total of: $7,800I am running my income projection at about 80% of that: $6,350 (to be conservative) once running and maintenance is cleared.Expenses will depend on if I choose an equity partner or do hard money and refinance with a commercial loan.  

I’m looking to purchase another single family home to rent out, but here’s my problem:I’m not sure whether to pursue a Home Equity Line of Credit, a Home Equity Loan or a Cash out refinance.

So if your partner and you have a deal coming up soon, then your best bet is to start with your own surrounding.

I have used CNB Bank to refinance a duplex and several single family homes locally.

In exchange he's going to take 50% rental profits and 50% of what we get during the refinance. 

So, you could refinance it for maximum cash out (but still some cash flow), instead of selling.Or, just invest from your other resources. 

Anyways, your best bet is to find precedent in your target area, or close to it, and see if you can get in contact with them to see what they went through. 

I'd want someone to have my back.Second, if I were to "forget" to mention those kinds of things, my reputation would be in the toilet as fast as you can say "Yelp".I'd bet most good agents would do exactly the same thing.