Can I use “Refi” Funds from Investment property for next primary?

[Robert Sorrels]

I recently “Refinanced” an investment property I bought at auction with cash savings and Heloc from primary. I also moved out of my primary residence and leased that out.

Now I would like to a purchase a multi family 3 or 4 plex as my primary with the funds from the refi.. are there tax repercussions? Or is there a limit to how much I can use without tax penalties, given that both houses are now in my “business?”