Fha and conventional

[Alexander Ramos]

Hello bp members, I am currently looking for 2-4 unit multi families near south west cook county areas. I have a couple questions. 

-Can you still do fha if you decide to go through conventional route first?

-To do cash out refi, it must be 25% downpayment on conventional correct?

- If I take out an LOC would balance affect Fha or conv loan?

Questions that I'm trying to figure so I can narrow entry and exit strategy. Any advice?