You will have to prove that you have either moved or are moving up in home size compared to the property you already used FHA on.

@Eric Bilderback For the borrower to eligible for cash out refinance  the borrower must have held legal title to the lot for at least six month prior to closing of permanent mortgage before cash out. 

Fortunately the smell is reduced enough that just living in the unit provides enough air movement so that it does not smell; for tenant turnover we need to open the unit up prior to the showing otherwise it has some smell. 

1) When making these types of decisions, it's important to also compare an alternative.

The prices in Bonita Springs work better compared to Naples however one aspect of Bonita Springs that scares me is the flood insurance.

Miami does have higher rents compared to the other cities I have mentioned due to population density.

Just compare his total price to others.

Julia,if you decide to pull the funds from a retirement account prior to normal retirement age you will be taxed on the entire distribution amount plus you will have to pay the penalties.

In my opinion, you need to assume you're going to have to pay the capital gains tax when you're comparing different scenarios.

Most multi-plexes (2-4 units) are in C-D neighborhoods and are older, built before 1980, and in limited supply compared to SFR and Condo/Townhome.