Going from residential -> commercial?

[Alex Silang]

I'm a self employed writer. It's going to be 2 years or so until I can use my income to qualify for a mortgage.

I was hoping to cashout refi on my triplex, which is doing very healthy. 

Question is, what are the draw backs?

* Higher Interest rate 

* Lower LTV

* Need to refinance every few years? Interest rate risk

Anything else you can think of? I mean, when I finally qualify down the line with self employed income I can always refinance again with a conventional mortgage.

Thank you.