Newbie, BRRRR, refinance, Dallas, TX.....please help!

[Cillora Hicks]

Hi All, 

My partner and I are in the process of preparing to purchase our first property in the Dallas, TX market. Our goal is to use the BRRRR method, buy a fixer upper multi-family property using a hard money loan, rehab, and refinance. My question is: After rehabbing a property with a hard money loan, do I have to pay a down payment when I get ready to refinance with a bank or credit union? What fees should I expect when refinancing from a hard money loan to a bank or credit union? Also, do I have to owner occupy the residence?

Thanks