Cash Out Refi or Sell?

[Blake Morton]

First time poster here! I am currently living in a "live in flip" so to speak. I bought my house back in August of 2019 hoping to use the GI Bill while I was in college to get into real estate investing. Fast forward to today and I am wanting to move into another live in flip. My initial thought is the best case scenario would be to cash out refinance my current home (i'm estimating $30,000 in equity) and buy another house to do a live in flip so I can rent my current house and use the cash to put towards another house. My question is, would I be able to qualify for another mortgage after refinancing my current house? Selling is not out of the question due to the neighborhood being a C at best. My fiance and I own another rent house in a C+ to B- neighborhood as well that we definitely want to keep. The current live in flip is a 2/1 and the one I would like to buy is a 3/2. Long term I believe the 3/2 will perform better due to its size and being in a better neighborhood. Any input is much appreciated!