It's going to depend on the lender, how it's titled and what kind of refinance you are doing.If you're doing a conventional cash out refinance, a lot of lenders are going to require a 3 to 6 month seasoning period prior to refinancing and it will have to be rented first.

I considered starting out house hacking a MF, but it will only increase my monthly expenses, not lower them or provide cash flow. 

Quote from @Konstantinos Lembesis: Hello all,I have been monitoring the Akron market for a few months and I was wondering if anyone had recommendations for neighborhoods to avoid. 

Even with that, I had vacancy for 3 months, turnover expenses (rekeying, deep cleaning, etc), paying the one month lease to find a new tenant and also the new tenants are in at a lower rental rate then the prior tenants. (1500 to 1350)My Little Rock tenant has been paying but already slightly behind.

It's going to be challenging to find another house hack with as low of a monthly payment as you currently have, given the low interest rate.

If it could rent for $2,000/month why is she selling?

OR 1 months rent for a Tenant Placement fee?

In the manufactured home industry, I've heard more complaints about new homes being bought and installed straight from the factory than consumers buying older homes direct from homeowners. 

@Jim LynchSome typical minimum tenant screening requirements look like the following, but it depends on your market:-Renter has a gross monthly income of 3x more than the monthly rent-Minimum credit score of 650-Renter must have no prior evictions-No felons (or other notable criminal history)There are a number of different tenant screening softwares out there such as Zillow Rental Manager, TransUnion SmartMove, etc.Be sure to complete an employment verification by contacting the renter's employer and confirm the details they shared with you, landlord verification (if they have a previous landlord), credit check, and background check.

If you have no money for down payment do you have teh $2000+ per month to pay the first (then still have to pay the 2nd?)