Help with Refinance

[Matthew Hille]

I need help. I just got relocated from MN to CA and have a duplex back in MN that is rented with a FHA loan. I met the occupancy requirement and rented both sides out. I'd like to refinance to a conventional and drop the mortgage insurance. I owe about $158000 and got the appraisal at $223000 the property was purchased June of 2015 with a 3.75 rate and mortgage insurance is $109 a month. Is it possible to refinance to a conventional and cash out? I'd like to work toward setting myself up to purchase another property next summer. Any advise is greatly appreciated.