Buying investment properties with minimal downpayment

[Mikky Alfaz]

I'm just starting out by purchasing a 4-bedroom house on an FHA loan with great interest rate in 01/2018.

I do want to buy other properties with minimal downpayment possible. I know I'm only allowed one FHA loan, and I can convert my current FHA loan to conventional thenrent out, and then take out another FHA loan as owner-occupied.

My biggest issue is the interest rate! I currently have a great rate on FHA, and refinancing into conventional could raise my monthly payment by a couple of hundred bucks.

Question is can I purchase an investment property right now with 20% down, then move out of my FHA after 1-yr to the "investment property" and then refi it as owner-occupied and cash out my 20% downpayment put into it to LTV of 95% and use the funds to buy another property?

My goal is to keep my great rate FHA, and still able to buy other properties until rates drop!