Primary residence refi to buy new primary residence

[Thiago Scharenberg]

Hello everyone!  I'm looking to cash-out refinance my current primary residence to buy a new home, which will be my new primary residence, and I will rent out my refinanced home.  I've heard once you refi a primary residence, you have to live in it for at least 12 months.  Is this always true?  If so, is there a strategy to achieve my goal?  Any advice would be highly appreciated!