Despite what you may think, not every tenant needs to feel an emotional attachment to their new home. 

Do you have a good w-2 where the temporary neg cf doesn't matter?  

I don't like to deal with emotions of a rental, nor deal with a snail system of government (and believe me, i know, they compose of 90% of my business as my client), on a uber tenant friendly state, where eviction takes at least 6 months with the help of $100 cockroach eviction lawyers.

There's really no emotion there, it's just a numbers game.

Dave Foster when you say it will be short term financing, are you referring to temporary financing in order to hold the new property, such as an interest only loan?

BAD MARKETING - Storage is not an emotional decision.

Don't get emotionally attached to the dwelling that's when you start making mistakes. 

Buying and selling homes (different than property/investments) is an emotional process.

State level activity in certain crops is an emotional national issue in some cases... very different here.Don't confuse things, delegating some things to the state, does not mean the federal govt. doesn't have the ability to step in and declare a state's conduct in violation of the constitution --- so a state cannot make and expect to enforce an illegal state law.

I guess I was just hoping I could save closing costs on 2 transactions (purchase , then refinance) to pull out this equity to re-invest in another property down payment etc.I assume I will need to re-appraise after 6 months as well, just feels like a lot of extra time and fees to reach the same end hah (as I assume the same appraiser will come out to do the 2nd) I was about to suggest the old trick of jacking the rate up on the purchase mortgage (knowing it is a temporary interest rate) to get a lender credit that'll cover the refinance closing costs, however that tends not to work with smaller loan amounts because the lender credit is based on % of loan amount. :\ 2% of $500k goes a lot farther towards flat refi closing costs than 2% of $112k.