cash out refinance question

[John Voychick]

I have about 350k equity in my 700k home.

I can get my hands on some 100k properties that I can rent out ~1,000/month.

If I take out 300k in equity, I know that I will have between 2 and $3000/ month

My current mortgage payment will go from 2000 to 3000/month.

Does anyone have experience with cash out refinance for rental homes?

[obviously there are a lot of details I need to review before going through with this]