Investor and second home borrowers with five to ten financed properties are ineligible for cash-out refinance transactions unless all of the delayed financing exception requirements are met.Most lenders do not link the LTV to the number of properties you have.  

The TRID Rule combines four existing disclosures that are required under the Truth-in-Lending-Act (TILA) and the Real Estate Settlement Procedures Act (RESPA) for most real property-secured closed-end credit transactions.

Transaction cost is roughly $40k, not including staging and other miscellaneous stuff that you have to prep before selling. $250k - $500k tax-free money is nice, but losing almost $50k just to sell the house may not make financial sense.Cash-out refinance or obtain a HELOC on the property prior to renting it out might be a good idea, but it seems kind of late now.

@Ash Patel  Hi Ash, There are a number of possibilities when structuring a 1031 Exchange transaction. 

Every transaction is different and unique, it is not a cookie cutter process.

Perfectly simple transactions completely stalled while each t crossed was subject to attorney approval.  

I'd imagine you would stick with your original business model, picking up transactional business if it falls in your lap? 

Hopefully our paths will cross at a REI event sometime.

Next, locate an attorney who only does real estate transactions.

Many couples  want to use the 5 year period post divorce for real property transactions that can still benefit from the section 121 marital exclusion on capital gains.