How to Refinance with Conventional Loan

[David Siegel]

I have a property in San Antonio, TX currently undergoing renovations to make it safe in preparation for a tenant. It seems like I chose a desirable area to live and around the time the reno should be done (week of Oct 2nd) I may expect to have a tenant that week or the week after.

This place was bought with hard money, 20% down. I'm paying cash for the rehab.

PP = $95K

Appraised @ $135K before rehab

Rehab = ~ $20K

ARV = ??? but we will see soon

I want to get out of my hard money loan ASAP. From what I've read here, going conventional is ideal. The only other mortgage I have is on my primary residence. The big complication is I have another flip project happening simultaneously with holding costs of ~$3400/mo. That prevented me from getting a HELOC on my primary residence so I imagine it will come into play here.

I'm looking for advice on next steps and timing. 

• Should I wait for my other project to sell before applying for conventional financing and just stick with HML terms for a while?
• If I should be pursuing conventional financing, where's the best place to start the conversation? 
• I've read that you can find mortgage professionals to assist you in applying for conventional loans with no seasoning period? Is that real? Where are these mortgage professionals? Please introduce me to them!

Thanks everyone for your responses. The answers on this forum have been incredibly useful and to the point. Much better than fiddling around on google (which I do every time in an attempt to not look like a complete newbie)