And what are some of the parameters that we'd be required to meet (ie distance from primary residence, etc)?

What is the income requirements for a cash-out refinance on a property?

I have good credit, but not sure how to obtain financing with my current income so I am looking for financing options that don't require me to provide 2 years proof of income.My current plan is to do the following but would like a professional opinion before proceeding.

@Chris Combado, Publication 523 from the IRS lays out the requirements to extend that window for selling your primary residence. 

Different markets require different strategies. 

I find them to require a lot of effort and a fair amount of skill. 

If you want to refinance to take cash out on an investment property you would need to do a conventional loan, conventional loans require 12 months of seasoning.

like were they all larger, nicer, bigger heated pools, etc?

In the lease he is required to give a 30 day notice. to vacate the property.

I'm also pretty sure that 2 of the tenants are getting government assistance and I think they are longer term tenants.After taxes, insurance and with the owner paying for heat and water the owner claims it is netting $20,000 per year.