Originally posted by @Bettina F.:I

Hello BP, My name is Greg and I'm a 30 year old electrical/software engineer from Erie, Pennsylvania just starting out on the real estate/FI journey. 

We are FI-minded and although this will be our primary residence for many years, we have an *investment* mindset and would like someone with similar values and visions to help us decide on the best property. 

After talking to my bank, whom I have a great relationship with, I come to find out that if I buy a property to hold, and pay cash for it (using my cash on hand and equity lines), I have to wait 6 months to a year to be able to pull out any equity or Re-fi.

I decided to do a cash-out re-fi on one property and I timed it perfectly to get the lowest rate possible in September 2017.

@Stephanie PotterI have been up front with my lender, she knows what we are trying to accomplish.Since then we have been able to work things out properly.She even says she can help me with a re-fi when that times comes, and has even gone over those fees.Thank you for your feedback.

How does me starting eviction affect re-fi?

Honestly I'm way more attracted to buying something distressed in driving distance, put some cash into fixing it, re-fi to 75% LTV, and then cash flow for 30 years.What would you do if you were in my situation? 

It's time to re-fi and we need her to co-sign the next purchase since both wifey and I are self employed and have variable incomes.

I suppose another way of phrasing the question is wherher I should keep 1 property with a 9% return or sell it/re-fi and use the cash as down payments for two new properties that may not have as good of a return.