Cash-out refi on 10 properties with Fannie/Freddie

[Jacob Silvermetz]

We own 10 properties free-and-clear in Cleveland Ohio, and we would like to do a Fannie/Freddie cash-out refinance on all 10 at once.

The properties are a mix of single and multi-family homes, totalling 21 rental units, and the seasoning period comes to an end in mid-september. We have 2 Properties, totalling 5 rental units, that we may want to sell in the next 3-5 months.

How can we optimize the value of the cash-out Refi? What risks do you foresee with this process?

Thank you for your guidance.