The idea of extracting profits from someone who needs help is a bit cruel.

Extract equity and repeat.The Austin market has shifted from a seller's paradise to a balanced market with actual investor opportunities.

Is there a way to extract equity to help your situation?  

Now I fear the extract via refi will be cash negative and have the costs associated with the refi.

In December 2021 I acquired a value add property that if I refinanced (I did not because rates went up significantly between purchase and time rehab was complete) that I would have extracted all investment.  

I have done successful (full extract of investment and cash flowing after refinanced) BRRRRs in areas that I would rate class C-.  

I suspect my half bathroom added at least 5 times the value it would add in Akron    It may have cost me 50% more (virtually all in labor costs), but my return on that value add is in a different league than it would be in Akron (nothing against Akron - you can substitute any low cost market for Akron).In my experience there are 2 things required to extract your investment upon the refi 1) the rehab has to be extensive.  

Are you planning on extracting equity from your current home for the down payment to achieve 100% LTV?  

However if I do a BRRRR I can achieve infinite return by extracting all of my investment.

This $5.7 million gap was not a value-add for the Limited Partners; it was a profit-extracting mechanism for the sponsors.