@Dylan Hunter if you're interested I work almost exclusively with investors.

You also need to know what exclusions apply specifically to your policy. 

There is an exclusion to fair housing for owner occupied, so @Craig Anderson can do this while house hacking. 

It's exclusively for holding purposes for anonymity.

@Stephanie Trevizo if you’re refinancing into a 30 year perm loan, there’s a good chance they WONT allow 2nd position financing, at least that’s what I’ve seen almost exclusively in my experience.

A 65 year old that is retiring and needs "quality, reliable" rental income, is going to have a different decision process, than a 25 year old with a good paying job, that doesn't need the cashflow for decades, and can take a more leveraged position for future benefit. ...you get my drift.Also, you may have the opportunity to get a HUGE tax benefit RIGHT NOW, with the $250k/$500k home sale EXCLUSION!

They kept claiming it was their house and they were never hostile to the true owners over the 30 years.Also the tax collector took "exclusive possession" multiple times so that it broke up any 10 year required time that they would need to claim adverse possession.

The house number was almost exclusively used by wholesellers and auto warranty scammers. 

@Mike Schorah I cold call exclusively to get my deals.

While I am guessing you will be taking some or all of this equity to your next home, if you try to leave it deferred via renting then1031, then the capital will never really be available to you unless you pay some tax.The sec121 exclusion of 500k is considered the best tax break.