Do you know of any Banks/Private loans for A 580 fico with 100% equity in rental property? 

I have a heloc off an 100k.

In fact I have done multiple cash out refinances and done just that.Another option would be to get a HELOC on your property, that way there is no holding cost on the money.

I would look to a HELOC, @Adam Hancock, especially if this is for short-term debt.

Hi Leigh Ann,Instead of doing a cash out refinance, have you considered taking a HELOC (home equity line of credit) against them instead?

Question 2: If I use a heloc, does that replace my current loan with a higher rate?

Cash flow is significant enough so that we can build a reserve quickly for the home, save for some renovations and updating, the look at get a sizeable HELOC in about a year to reinvest with. 2 Bed 2 Bad can easily be turned in to a 3/3 or 4/3 with no major renovation work.

Will look to get a HELOC in a year to fund future deals.

But either way, don't get discouraged, your really nice home will command a higher price and a more select tenant.Do you have a heloc now on the home? 

I am considering offering All cash using my HELOC then refinancing after closing.