https://capitalmarkets.fanniemae.com/mortgage-backed-securities/updates-cash-out-refinance-eligibilityAccording to this article: Today, Fannie Mae updated its eligibility policy for cash-out refinance transactions to require that any existing first mortgage being paid off through the transaction be at least 12 months old as measured from the note date of the existing loan to the note date of the new loan.Lenders are encouraged to implement these changes immediately but must do so for all cash-out refinances with note dates on and after April 1, 2023.

The strategy I am planning on implementing in the short term is to purchase an SFH and add an Adu or do a garage conversion. 

My plan is to implement the BRRRR method on a couple properties in that 5 years.

Hopefully some of the suggestions can be implemented in future versions. 

Did you have a certain plan you implemented to come across this deal?

That being said, there are plenty of creative strategies you can implement you get there quicker/with less cash.

CFPs that work for large banking institutions are nearly never "fee-only" which is what you want.It can be hard to find a good CFP that is a fit for you but it is definitely worth the search and cost as they will likey save you tens if not hundreds of thousands of dollars over your investing career by helping you implement the correct financial planning.I've mentioned it often on the BP Money Podcast but I would definitely suggest using the XY Planning Network in your search. 

Did you implement a guest policy? 

Is their journey the strategy I am wanting to implement?

The good news is they are much less stringent apparently.