Using conventional financing as my exit strategy?

[Kevin Porter]

Say I use a hard money lender to get my foot in the door of an REO, once it's rehabbed, I put it back on the rental market. (As my exit strategy from the hard money loan) If I use conventional financing to get a refi, would I still have to put 20% down payment on the refinance, or do banks treat that situation differently because it is already in my name?