(I've used private, 401k, etc) Then place a tenant and refinance with a bank after renovation. 

The initial intent with this property was to buy and rent out until initial lease ended, rehab, and refinance to pull money out.

You also have the option to buy with a low down payment and do a cash out refinance after 6 months to take out cash to remodel/renovate. 

Looking to either refinance or pull another mortgage out.

What options do I have if any, besides doing a cash-out refinance?

Then I cash out refinance at the end and pull out the equity to roll into the next project.

Can you take a cashout refinance on my investment property?

We are prepared to offer: Purchase Price: $460,000 Down Payment : $23,000 (5% of Purchase Price of $460,000) Interest Rate: 5% = $107,815.60 Monthly Payments: $2,000 x 60 months = $120,000 (Principal & Interest) Term: 5 Years (60 months) After 5-year term: Lump Sum Payment of $424,815.60 from refinance with conventional mortgage Total Sale of Property: $567,815.60 $23,000 – Down payment $120,0000 – 60 Payments (Principal & Interest) + $424,815.60 – Lump Sum Payment $567,815.60 – Total Payment for Property Seller financing is the best way I can give her the highest possible price.

My buddy in Kokomo is scared to refinance his house.

In your scenario, at refinance, the bank will pay back the original loan of 60k first, then give you a check for 30k.