Cash-Out Mortgage - Getting the appraisal I need.

[Chris Hannigan]

Hello. I recently bought a duplex cash, and wish to cash out the equity, so I can purchase more. I have a couple questions: 1: my understanding is that the property has to "season" for 6 months. Are there any other rules I need to know. 2: Will banks accept a price-to-rent valuation when appraising the property? The recent sales comps value the house at about half of what a price-to-rent approach would. Thank you in advance!