12 month owner occupied rule - refinance question

[Ryan A Rodriguez-Wiggins]

Hi All,

We recently bought an owner occupied two family unit, with 3% down as we were in the process of selling our apartment. The apartment still hasn't closed yet, and we are tired of paying the PMI, so we are refinancing the owner occupied to lower the payment and get rid of the PMI.

We would love to take advantage of the low interest down, owner occupied strategy, and do this a few times. Anyone know if we refinance does that start the 12 month "clock" again?

Trying to do everything by the book.

Also, if we did an owner occupied and decided to travel for a few months or be digital nomads, is it okay to rent out that unit temporarily, assuming we aren't applying for another primary residence mortgage

Thanks!!!