From what I hear it’s also not as clear cut on refinancing out either.

I recently made a “subject to” purchase but the escrow agent is asking me if I’m still doing an assumption or if the seller is refinancing under her name. 

Depending on how many investors that can be a mess to deal with to get to a decision of selling, refinancing, injecting more capital into a property after ownership,  etc.You have to understand there are many people that should be on your team that do different functions.

So I am think about refinancing a current SFH rental property. 

I wish I would have rehabbed it refinanced it rented it and repeat it

Ex-wife can take loan responsibility by refinancing as rate and term.

Doing a cash out refinance is very difficult with an owner occupied fourplex as it doesn't fit the normal mold - plus if we refinanced we would have to commit to continue to live there and we are ready to move up to more space. 

Yes - if you like the property, it's in a good area and makes good cashflow, I agree on just refinancing some of the equity out to get some cash to buy another building.

I've been talking to a few different banks about refinancing and pulling some cash out for some much needed updates and most banks only offer 5.5%-7.25% rates, with shorter terms, meaning higher monthly payments for us; meaning less cashflow. 

So lets say you borrowed $100k out of your 401k, bought a property, held it a year doing some renovations and then refinanced your cash out you would be making loan payments to the 401k.