Need some advice

[Nikoloz Sartania]

Last July I purchased my first two family 4 bedroom 2 bath house for $375k with FHA loan for 5.5 fixed 30 year rate. cost me 35k in down payment and closing.

Both units are rented for 2390$ with negative cash flow of $600 plus water and sewer bills 

Morgage insurance for FHA is $240 a month for 11 years

Balance is around $356k 

House might be apprised for $380k

Does refinancing make sense in my case? To get read of mortgage insurance without putting additional cash into it

Or it is better to leave it with FHA and get a conventional loan for 20% down for next property?

I am going to increase the rent to $3300 to 

beak even?

Thanks in advance