I was wondering if it is very common or possible to get a traditional mortgage on a single family home rental after you have purchased it for cash? I purchased a SFH for $46K+$10K renovations and have rented it out for the last couple years for $800 a month (I live in Northern California). What I would like to do it pull the money out and get a traditional 30 year loan (leaving 20% equity in the property) and use the money to buy another home for cash. Is this possible or even common? Any advise would be much appreciated.