re: Turning your primary residence into a rental question

Houses in my neighborhood are advertising rents between 2-3 times what my current mortgage is. I can have 5-10% of my new house down payment in savings and then get the rest from a refinance of my current primary and pull out cash. I'd still have over 60% of appraised value on my current primary if I pulled out cash for a down payment on a new primary.

I'm not one to have all kinds of debt, but at the same time mortgage interest is so low right now it almost seems crazy not to leverage myself a little.

Two of my properties are paid off so I'm not going to hit the 5-6 mortgage max. I don't think I'd ever be comfortable with that many mortgages anyway.