Like kind" is a bit more restrictive than the 1031 rules as I understand for rental property it is residential for residential and commercial for commercial and the two can not be mixed.   

Do a search and you should find them.Right now Hawaii has crazy restrictions on vacationers and short term rentals.

I wanted to find out if anyone has heard of any new restrictions coming down the pike for cash out refi?

Having also been in Colorado, I can say I prefer Texas as the regulatory environment (even on the local level) is MUCH less restrictive.

Douglas County, Nevada is now considering tighter restrictions on Vacation Home Rentals (STR) in the Lake Tahoe region of the county.http://southtahoenow.com/story...How do you think this will affect the local Real Estate market and the existing Short Term Rentals going forward?

What's the best area to buy the house / least restrictions etc.

Many homes are restricted now for airBNB, but still qualify for short term rentals..

If not, let it lapse and let those restrictions go.My $0.02 ...

Then yes, 1031 should suffice, just keep in mind the 45 day proceeds window and the 180 day closing window, I believe there are restrictions on the type of property as well..Forrest 

We've already explored the FHA route, but with the restrictions in place, we have found that this is impossible for us to do in Chicago (i.e. per the lender: must be 100+ miles from our current property, FYI loan limits,  they won't take into consideration the potential income for the unit we are currently living in to calculate debt to income ratio which is about $3000+ per month, etc).