Question about refinancing out of an FHA loan into a conventional

[Zatch Jason Pouchprom]

If a person were to do a house hacking strategy with an FHA loan with the 3.5% down payment and then live in the residence for the required year's time would you be able to refinance into a conventional mortgage and if so will the refinancing come with the standard 20% down? Also once you have refinanced into a conventional mortgage I would assume that you would be able to repeat the house hack by living in another property for the 1 year's residency requirement and refinancing out again.

Any corrections and points that I’m missing would be very much appreciated.

Thanks.

Zatch