And if that's an option is there any stipulations with my FHA loan, or if I were to refinance down the road?

Hoping to get most of my money out but will be fine leaving some in the deal.The question that I have for some of your experienced brrrr investors is what will add the most value when you go get the property appraised for refinance?

Also, there is no taxes on those cash out refinances since it is seen as you taking out a loan.I do not have any experience with those lenders.

With the BRRRR method your capital is tied up until you complete the renovations and refinance.

I've found a way to pull about 40k but I have to refinance into a conventional 4.5% 30yr and pay 1 point for the loan.

Looking to get a refi for 30 years with a lower than 4% rate.Type of property: Single family homeLocation of property: Diamond Bar, CAPurpose of financing: Refinance, lower monthly costs and overall long term costType of financing sought: Open to different options as long as it lowers their monthly payment and long term costsCurrent or prior ownership of real estate: Currently 1 SFH as primary; their business owns several commercial real estate assetsOccupancy: primary homeValue of property at present: $1.8 MilDown payment or equity: $900K equitySource of down payment funds, if applicable: own fundsIncome Source: They run a highly cash-based business and they've issued W2 for themselves for the purpose of their previous loan. 

If I were to take ownership and assign myself as a new member of the LLC, would the current bank force me to refinance the portfolio?    

@Kevin Romines - You were so helpful when I refinance my primary residence in Florida.

When you know you want to secure a hard money loan (and then refinance later) do you reach out to these lenders ahead of time or after you have a deal in contract? 

This is directly comparing the HELOAN vs HELOC at 30 years with no additional payments and no refinances