Primary residence to rental - conventional loan question

[Nathan H.]

Hi BP community,

I know this question has probably been addressed several times, but since the landscape is constantly changing with covid and every situation is nuanced, I figured I’d ask with my exact situation.

I’m currently in the middle of refinancing my primary and several rentals. I can say right now that my intent is to live in my primary. However, my situation is constantly changing. Historically I move every two years or so and I’ve lived here for about that amount of time. I’m constantly looking for opportunities and pursuing different things. Like I said, I have no plans to move, but I’m getting a little restless. 

I’m wondering what are some acceptable reasons for purchasing a new primary and turning my current primary into a rental if I recently did a cash out refi with owner occupied rates (assuming conforming loans)? I know a new job is typically the strongest, change is familial situation too. I work from home now and will for the foreseeable future, I don’t expect any family changes either. Any other strong reasons that could apply? 

Thanks in advance!