MiThank you, I believe virtually all markets are over valued, but over the long term many (including my primary market) will have appreciation in excess of CPI. 

This is where we will go back to your primary goal (Owning a cool property that you use sometimes vs. a pure investment property). 

One would be when you have a primary home and its listed on MLS (for sale) and the bank gives you the cash out until the home sells and the loan is set up for 12 to 18 months.

Their online payment system doesn't recognize non traditional banks (credit unions) so your hit with $27 fee to pay with debit or have to take time out of your schedule and go to a Western Union for a $3.95 fee.

The more traditional way, assuming you actually have adequate equity in your rental, is to take out a HELOC on the rental. 

It can be more capital intensive up front and take a little more time than a traditional BRRRR but it gets you started.  

I will answer as it relates to traditional BRRRR, in the general case there are additional options.  1) Do not perform maximum cash extract.  

But you could use the 1031 to buy the rental portion of the building and move in to another unit as your primary.

They must be claiming it to be a primary.

Your primary insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.