Refinance FHA loan for a conventional Load ???

[Gustavo Briseno]

I currently have an FHA Loan for my first property, I've had it for 3 years, value is 130k and balance on the loan is about 105k

I relocated to a new city and im looking to buy a Multifamily,

Im planning on refinancing the FHA loan for a Conventional loan in that way i can Apply for a new FHA loan and buy this new property

How long do i have to wait between refinancing and buying the new house?

is this a good Strategy ? I dont have much money for a 20% down!

How much does it cost to refinance?

I know i have 25k on equity

Should i put that back so i can keep more or less the same monthly payment

I dont want my Monthly payment to go up

Or

Should i use the equity to buy the new property?

Any Ideas please let me know ? This will be my third property