A limited cash-out refinance replaces your existing mortgage with a new mortgage with better terms.

Take some personal inventory first is my suggestion:1) Check your credit2) How much in designated capital 3) Out yourself in the proper head space. 

@Jason Gass qualifying for a mortgage on a rental property is almost brainless.  

Realize that 90% of your friends and family will also want a deal and probably think you are rich for owning a vacation home and do not understand that you most likely have a mortgage and bills and upkeep on said vacation home.  

BRRR expert and rental coverst mortgage for a 1.2 or higher for max cash out refinance with little to no money in and most of the time some money out over what was invested in the rehab.

That’s just the state of the mortgage industry right now.

House has no mortgage. 

It was like having teenagers again lol.I do believe though that a properly managed MTR template can be profitable, just not in my house lol.

In many cases, it may actually be a more streamlined process when obtaining financing if you are getting a conventional mortgage.

That was my point there and I also pointed out you can upgrade to a gfci outlet to provide protection without re-wiring which is a proper upgrade to make.