If you had 200k in cash in the bank account.

I'm going to say some things that might tick off any appraisers here -- when a bank orders an appraisal, the job nowadays is pretty much lowballing the properties as much as they can get away with.

It was a savvy bank person that stopped him.

As to your next / first steps....If you haven't already, I would recommend that you start talking to lenders (banks, mortgage brokers, credit unions, etc.)

I am completely new to the game however I enjoyed the ultimate beginners guide fome bigger pockets.

The alternative to that is you could reach out to some of your smaller local banks and one of them may be able to refi faster than the 6 month time frame. 

I know people usually are satisfied with Salem Five - definitely add them to your list of banks to investigate.

None of my tenants use credit cards, they all set up direct withdrawals from their bank account. 

@Martin Nowak I would recommend using a small local bank.

Each bank underwrites differently, but I would bet 95% of commercial banks would be overjoyed to have your equity rich, lightly encumbered business.