Yes you can but it depends on the lender some lenders do not allow due to overlays and in house restrictions. 

Quote from @River Sava: Hey April - Refinancing after a year if there's limited equity depends on your goals—lowering your monthly payment, cashing out, or switching loan types.The process usually involves checking your current loan terms, appraised value, and credit situation.

Hi Max, it all depends on how much liquid cash you have of course. 

The markets that can help you achieve financial freedom (see the Dependencies above).Talk about over analysis.  

It depends on how many guns you want to carry!!

A more typical rule of thumb is to budget 10%–15% of gross rental income for maintenance and repairs over the long term, depending on the property’s age, class, and location.

Unlike Vegas, where tourism can be hit-or-miss depending on conventions or events, Florida’s Panhandle delivers steady demand every season.

It depends on non-SEC 8 market rents for similar properties, the utility estimate for your property, and the tenant's income.

Also, I personally wouldnt cash out refi right now just because the interest rates are high but thats just my opinion and it really just depends on the numbers if you want to make a calculated decision. 

Depends on the lender.If it has yet to go to foreclosure and you are trying to buy it prior or at sale - the answer is a hard no.