For a cash out refi, typically your LTV will be 70% on a multifamily, so you would need it to appraise for $1M in order to pull out $700,000.

I typically ask about replacement dates of roof, electric box, plumbing and water heater).

As noted earlier the depreciation recapture isn't typically eligible for instalment sale reporting benefits. 

Also realize that typically (or recently in my experience) banks are tightening up their apprasials.

@Barry Je they typically dont work.

Commercial lenders typically don't do preapprovals, but a forwarded email from your lender would suffice.

There's a .01% chance they come knocking on your door to check if you live there, so take that as you may.As far as the property management goes, make sure your numbers still work with the prop management fee (typically 5% - 10% of gross income, call around and see what companies will charge).Good luck!

They typically charge 1 full months rent and usually a minimum of $900-$1,000.

(typically between 3-6% with this home probably selling for 1 million+ in my neighborhood)How can I do this without having a license?

I typically focus on larger commercial properties, but would be happy to chat with you and see if we'd be a good fit.