Yes it is new legislation that passed.  

My mortgage increased earlier this year as my home owners insurance went up due to the company closing and my escrow didn’t have enough to make up the difference so I’m kind of pay check to pay check right now.

I want to refi and pull some of that equity out ($200-$250k) so I can keep growing my portfolio but I'm not sure how to approach it as it would obliterate the cash flow I currently have, and in the current market I won't be able to make up for it with additional properties as they would also have minimal cash flow.

The verbiage on the contract, concealing your NET, being able to truly purchase with cash..... but most importantly, I am a firm believer that more legislation will come in (Oklahoma, Illinois, NJ) are examples - and assignments will one day be banned, especially for those non-licensed. 

While I believe that breed-specific legislation is wrong, I also believe that, if you own a controversial breed, then you need to be an extra-responsible owner.  

Unless of course you actually have the money in reserves and would make up any loss.. that would be different..

Also, the foreclosure process in Texas is a quick 41 to 50 day process.Lastly, Texas has passed mortgage wrap legislation to help on these. 

There is legislation pending that would allow it to be done without a City Council Ordinance, but it's unclear if this legislation will pass. 

Also, making some sacrifices can more than make up for lack of capital or experience when getting started.

I'm out of pocket $1300 each month to make up for mortgage.