But since there is a limit to how much money the bank has access to....their rate will be higher...and usually a shorter term.

This will help you focus your efforts thereafter and make the path ahead shorter and smoother.

Here's my question: Will your current primary become a good cash-flowing investment as a rental, given that you need to refinance it into a non-occupier (higher Interest and/or shorter term) Loan, at 75% Loan-To-Value? 

But since there is a limit to how much money the bank has access to....their rate will be higher...and usually a shorter term.

If held shorter than a year it is already taxed as regular income.

Five and up you're in commercial territory with higher rates, shorter terms.Also, I owned condo rentals, and the HOA provide several laundry rooms in the complex, and they forbid washers in individual units.

If you're looking at deals that are more competitive in desirable areas, then you may need to go higher on the EMD with some or all of it being immediately nonrefundable and/or shorter on the due diligence period.

The shorter amount of time you spend with those high interest rates the better! 

I recommend a solid year to be safe, eliminate most risk, and make your CPA at ease but shorter time due to circumstances are ok.

Do you have interested prospects file out your complete application at the beginning or a shorter questionnaire for initial qualification?