Did cashout refi on primary home, now cant buy new primary home?

[Calvin L.]

I just completed a cash-out refi on my primary residence and wanted to use that cash towards buys a new primary residence. I want to convert the current existing primary residence to an income property. I found out I am now locked from getting another primary residence mortgage because the cash out refi stipulates I am living their for one year. Am I understanding anything wrong, is there any way out or options for me? Anything creative?