Cash-Out Refinance 5th to 10th Property

[Gerald K.]

Hello BP friends in Western WA (Everett, Seattle, Tacoma, etc.). We're Investigating the possibility of a cash out refi to put funds toward more real estate investments, however, if I understand Fannie Mae rules correctly, investor and second home borrowers with five to ten financed properties are ineligible for cash-out refinance transactions if not done within 6 months of purchase. Has anyone in the area found any small local banks or credit unions willing to do a cash out refi on 5th to 10th financed properties?