And you can put safeguards in place to ensure payment or minimize risks. 

Without the proper disclosures you are putting yourself at risk.

American workers are financial slaves and our education system, political system, media, financial regulatory system, tax system and financial system pretty much ensures that this will not be changing.George Carlin on the “American Dream”https://youtu.be/kJ4SSvVbhLw

If there is a mortgage on the property you are required to use an escrow service this protects both buyer and seller to ensure the mortgage is being paid and the property is not sold again. 

And also important to make sure you diversify properly. 

I was also told that you should be following up regularly to ensure this 60 day window is being reached.I was thinking of doing the same with my tenant but I am actually going to send a notice to quit instead, for other reasons.Best of luck!

Put together a proper proposal for the bank and they will work with you.

Additionally, when completing the refi the reason supplied for doing the cash Out Refi would raise some eyebrows I would presume, but I figured the bank would just ensure those people are actually paid off much like they would with a reason being for a cash out to pay off or consolidate debt with me keeping the excess cash.

Or you can go the "pocket" or "insert" window route but sometimes getting them past the inspector is tough due to proper anchoring.Good luck with your project.

The corporation will operate in the taxable realm.This is a sophisticated strategy both to setup and properly maintain, and not something you want to get from a one-man law shop.