I would not refinance properties, I would look for other sources of funding such as savings, other people's money, study Brandon Turner. 

If the house you purchased through the foreclosure is an investment property, you can do a cash out refinance with a DSCR loan.

Purchase Price: $369,000Rehab costs to date (Cash/0% Credit card): $22,000Additional cosmetic rehabs: $6-8kAs-Is Appraisal: $420,000 (April 2021)Current Rental Income (friend living with me): $800Mortgage: $2000Comps in the area: $490-560K but average sqft price $264 with prop size of 2450 sqft, so could be more.Rentals in the area: $2.5-2.9K a month, not including additional living space.My financing/current capital methods:Personal Income: $129,000 a year.Rental Income from above: $800Student loans: $340 a month.No other debts other than CC payments for rehab and personal debts: $12,000.Savings (does not include investment accounts, 401k or IRA): $12,000Cumulative CC Limits: over $50k.My questions include: What are my best options to get this thing to cash flow while adding as much value as possible for a refinance (pay off CC and have cash for another off market property I have in the wings).

The cap rate is calculated by dividing the Net Operating Income (NOI) of a property by the purchase price (for new purchases) or the value (for refinances).Calculations:NOI: $100,000 – 40,000 = $60,000Cap Rate: $60,000 / $1,000,000 = 0.06 (6.0%)

Unlike FHA where you have to refinance out of it to remove the PMI.

I suggest to not waste your time especially on a cash out refinance.  

Your manager will help you refine the processes as the business grows based on real world experience.

I'm looking to pull out most of my money when I Refinance so my questions are: 1.

Of course it plays into that because it dictates what I can refinance my commercial buildings at, but I'm looking at the area for that rather than an individual buildings. 

I got a good deal on the two I purchased as a package, and am in process of rehabbing them before a refinance at the beginning of the year.