NPR is non-permanent resident. 

Investment Info:Single-family residence other investment.

Quote from @Cooper Meurer: Lately, I have been mulling the idea of selling my primary residence and renting for 1-2 years before we leave the Midland area and move to the Texas Hill Country (surrounding Austin area)Reasoning for this:- I currently have around 120k in equity in my residence and I have a 4.75% interest rate. 

Leveraging your equity through a HELOC or cash-out refinance can be a smart move, but it depends on your risk tolerance and goals.

I would like to use the equity I have built up in my current duplex to purchase another investment property.

We have 40k in cash and 100k equity in our current residence, but we don’t want a larger house payment than what we have already.

Hi I am looking for HELOC on a primary SFH...speaking with some lenders I've run into two issues....(1) some won't give you credit for rental income if you haven't owned the property for two years (show two years of s...

Shame on those here recommending it.Similarly, don’t even consider borrowing against your personal residence—even if you could qualify.

They should do a cash out refinance or a HELOC when rates go down to tap the equity. 

You do have to pay the seller the "equity gap".