Should we cash out refinance out primary residence to pull more cash out or should we just use own cash reserve+ HELOC for next down payment and any extra fees?

With the live in flip I would figure it would make more since after the house hack because you could stop paying rent free up some capital to do renovations and shorten your time to flip to enjoy renovation and refinance and so on.

(i.e. if you have made 12 months of payments, they will re-am your loan for 348 months base on the new loan amount after chunk payment is applied) This is an awesome way to lower your monthly payments without having to refinance the entire loan.

your best bet is check with a lawyer or a company that specializes in that...honestly im not sure if its a like or kind assets since your going from residential to commercial

Second, the time will probably come when interest rates rise enough for banks to want to locate any out of compliance loans to force them to refinance. 

Good AfternoonLet me first start by saying im a first time investor and have begin dipping my feet in to the investment world, I purchased a property near a college that the numbers seem to work and would make a good student rental, I thought that purchasing the home with cash and free and clear would be a good option and to work the refinance for the repairs and upgrade to the home, its not going to take much but there in lies the rub!

If you want to invest in that area Lincolnton would be a better bet because of the new Hwy 16, lower taxes, better schools, and not far from the West side of Lake Norman. 

If you can raise the value enough through forced appreciation, you could refinance (or just put financing on it in the first place in your case with owner financing) to pull out equity and purchase another property, (BRRRR).

I need to refinance one investment property in Alabama to get it out of a VA loan. 

What I am thinking is that once I have 3 homes I would be able to refinance using one of the to buy another home and add some extra cash flow.