Hi Trey, Most lenders are going to require a minimum down payment of 20-25% for long term financing for an investment property.

Fannie/Freddie now require 12 months of seasoning for a conventional cash out refi in order to use the appraised value.

@Scott Ray the way you have structured the investment eliminates double taxation situation, but as as a Canadian resident you are required to report the income here in Canada.

Without all approvals and all lender required diligence they are often reluctant to finance land.

The requirement is that the house meet habitability standards, and building code standards say a house must be pest free to be habitable.

Primary residence mortgages require you sign documents stating it will be your primary residence and you'll live there at least a year.

For example, certain states like CA and MA have "claw-back" provisions, some states have withholding requirements, PA has some funky 1031 exchange laws, etc.Work with a rockstar QI (like @Dave Foster) and a real-estate-savvy tax professional to ensure you don't fall into any traps.

The bill requires that cities allow up to 10% of the commercial properties (strip malls for example) to be repurposed as multi family residential.

You may have to sell the whole property to access the funds in the IRA or 401k when you retire and for required minimum distributions. 

As is was mentioned above Fannie/Freddie require 12 months before you can use the new value to walk away with cash.