OR you'd have to do 2 separate transactions and incur 2 sets of closing costs/ transactional costs. i dont think its a bad play, a lot of people leverage one to help them expand to the next. another challenge you will have, though, is pulling something small like $50k out. most lenders rn have a $100k min. you might be able to find less but then fees/ points will be a little excessive. 

Determined to buy a house to fix and flip and looking to find someone I can connect with to maybe show me the ropes!

How saturated is your market and how closely are you following your comps?  

Family situation changes, location changes, employment status changes, businesses open and close - nothing is permanent.

Account Closed thanks for the response! 

Yes, if considering this market, be sure to connect with a local investor-agent to help.

I will PM you and connect. 

Furthermore, when I close on a multi-family, it will be my primary residence.

They are offering 5% downpayment No fico required and closing in 7-10 days.

Another option would just be a cash out on another property to free up some liquidity.Happy to connect!