.- If I go with #3, do you think that would be worth it to gain control, and then in November I could start refinancing into a 30yr FanFred for a better rate?

How does it work with refinancing (for BRRRR) on a cash purchase since there's no existing mortgage to refi?

Is that when I'm refinancing into a 30 year fixed?

then refinanced 2 years later to a better rate. 3.75% 30YF How did you add value to the deal?

I wanted to start building equity in my home so I can use some refinancing later to strengthen my investment capability.

When it comes to refinancing (whether it's a HML or a regular or Commercial Loan) is that also based on things like DTI ratio, FICO, income and other things?

Hi, what is the % I can take out of a home if I am refinancing an investment property?

When it comes to time to cash out refinancing, A conventional lender is going to look at your debt, income, credit, assets, job history, the rental income on the property, to qualify for the loan.

@Mike BaldwinGet conventional money and split all three parcels up at close rather than closing and then refinancing (why pay closing costs again). 

We have been trying to use the rental calculator on Bigger Pockets to understand if our current property would positively cash flow once we turn it into a rental.The calculators don't seem to be set up for someone who wants to start out in the real estate investing world by cash out refinancing their current house, turning it into a rental, then using the cashed out equity as a down payment on a new primary residence.That being said the more we played with the calculators it seemed like we would get less then $100 of positive cash flow when we factor in Capex, Property Management, Vacancy, Repairs, etc...