I can wrap my head around this if there is a way for my to pull my money back out and do it again, but Im using a conventional loan, this is not really a BRRR strategy. 

You will bonk your head on the ceiling.

@Jason MalabuteYou hit the nail on the head Jason!

I'll share some recommendations at the bottom of this post.Second, you are in over your head.

only owned a few years so not that deep into payments etc.running full 360 months out at current vs after cash out the difference in the life of the loan interest is about 55K or so ... assuming my math is correct running amortization on both scenarios out 360 months, adding up total interest payments etc.in my head im thinking the long term cap rate gains and cash flow on the property far outweigh the added interest payments over life of loan. 

That is not a substantial business, so loading it with huge expenses would make no business sense.

Matt nail on head. 

I say all of this to give people a heads up before getting into this business.

Just wanted to give you The heads up to not trust the real estate agent listing and actually go on the city GIS to see the zoning.

If you are someone who won't be commuting to work every day any longer, it may make sense for you to head farther out into suburbia to get your dream house!