. :) Hi Michael, good call and appreciate the post as I require all of my clients to get an extension after a certain point in the year.

And what are some of the parameters that we'd be required to meet (ie distance from primary residence, etc)?

@Chris Combado, Publication 523 from the IRS lays out the requirements to extend that window for selling your primary residence. 

What is the income requirements for a cash-out refinance on a property?

People are only paying appraised price for properties so sellers are simply finding someone off market to pay appraisal price and not have to show the properties at open houses and disturb the tenants. 

They are simply trying to recoup their money.

Different markets require different strategies. 

I find them to require a lot of effort and a fair amount of skill. 

Add your fee to the DP/PP , OR simply breck it out on the HUD, , the title co will pay you 

If you want to refinance to take cash out on an investment property you would need to do a conventional loan, conventional loans require 12 months of seasoning.