All the cash from 1031 will be invested and the valuation of the 3 new properties is more than the replaced. 

I was told I cannot do a conventional CASH OUT refinance once I lease it to an operator of RAL since lenders do not lend if you run a business in your house.

The numbers and business plan more than adequately support the project numbers (can share privately). 

The difference between interest rates on a conventional loan and a DSCR loan can be significant and cut into your cash flow.

Home Equity Lines of Credit (HELOCs) or cash-out refinances can access built-up equity without selling the properties.

Don't we think investing in the US is risky with high interest rates, historically low affordability and cash flows and high prices inflated by 15 years of artificially free money that's gone for good?

Why the high cash in? 

Purchase price: $355,000 Cash invested: $20,000 Sale price: $500,000 I purchased a 2 bedroom 2 bathroom condo 1488 sq ft. located in Chino Ca.

Depending on how many you go through, heaven help you if you have that, in addition to a major expenditure (i.e HVAC failure, roof) For people with not great cash flow, you wipe out yearly profits every time.

2. is it different then a Cash out refi?