Will getting a new higher paying job adversely affect ones chances of refinancing a loan for cash out?

I would raise this by either refinancing the house or selling it.

Refinancing, Rich?

I think you have to base your depreciation on your purchase price.Don't worry about refinancing, unless you have to.

In addition, the following clarification is being made for both limited cash-out refinance transactions in Part VII, Section 103.02 Limited Cash-Out Refinance Transactions and cash-out refinance transactions in Section 103.03 Cash-Out Refinance Transactions: • For a refinance transaction (either limited cash-out or cash-out) to be eligible for sale to Fannie Mae, there must be a continuity of obligation if there is currently an outstanding lien that will be satisfied through the refinance transaction, i.e. there must be at least one borrower obligated on the new loan who was also a borrower obligated on the existing loan that is being refinanced.

In addition, the following clarification is being made for both limited cash-out refinance transactions in Part VII, Section 103.02 Limited Cash-Out Refinance Transactions and cash-out refinance transactions in Section 103.03 Cash-Out Refinance Transactions: • For a refinance transaction (either limited cash-out or cash-out) to be eligible for sale to Fannie Mae, there must be a continuity of obligation if there is currently an outstanding lien that will be satisfied through the refinance transaction, i.e. there must be at least one borrower obligated on the new loan who was also a borrower obligated on the existing loan that is being refinanced.

(cash ) and this one needs 10k in materialsso it is getting closer to the 50% rule ,, ,i think i can finish this one in 3-4 months and it should rent for 1200 mo also ,,,, i guess i can do this 2 more times in the next 2 years to have 4 mortgages on my creditthe refinancing has its costs but i guess all of this is techinacally "NO Money Down !"

Tom, My hard money lender requires anyone to have an approval letter to make sure that the investor can get refinanced so he will get his money back.

Dont make promises you cant keep as far as refinancing.

I'm wondering if I can take out a home equity loan on the rental, once refinanced, and use that to refinance the other mortgage to get the amount down under the jumbo amount.Thoughts?