Im a conservative investor who owns multiple properties that are paid off and I'd like to know best options for refinancing my current properties before I talk with my bank so Im educated on options. 

Im a conservative investor who owns multiple properties that are paid off and I'd like to know best options for refinancing my current properties before I talk with my bank so Im educated on options. 

ARV is $110k and refinance loan is @ $100k or 91% LTV, I don't see a bank, commercial lender or alternantive funding providing a new loan for a rental property at that loan to value, it will most likely be 70-75% LTV so you might want to be more conservative.

That may seem very conservative, but I look at it as 2 mortgages that could be foreclosed on and only one owned in the clear and used to gain cash for a possible 4th property.  

My understanding is that appraisers are typically very conservative on new construction duplexes, so I'm hoping I can get a better appraisal/more equity if I sell the first unit at current market prices. 3 - We will still own the 500 SQFT cottage on the back portion of the lot.

Of course, as a newbie, many of the numbers I input are estimates based on real estate and mortgage officer suggestions for their experience in the area to conservatively estimate for this building.   

I have a small savings (~$5k) and over $100k equity in my home as a conservative estimate. 

On refinances, the comparable based value is typically conservative to very conservative. 

Investors with debt free properties are the most highly conservative investors of all and as a result earn the lowest possible returns on their cash.    

If you are cash positive with those rental rates, then you are being conservative.