Refi out of owner financing?

[Michael LaBrot]

I have the opportunity to purchase 3 rental properties for a total of $100,000. Current owner is retiring from the business and is willing to owner finance for 6 months with the understanding that I refi in 6 months.

Here is where I am running into opposing views: I have called ahead to multiple mortgage companies to make sure I would be able to refi in 6 months- all have told me they can but some tell me I need 6 months of reserves for my current residence and current rental that I already own as well as the three additional I want to pick up. Other lenders  tell me all I need is my name on the title and a paper trail of 6 months payments to the guy carrying the note.

Any ideas or insight? I don't want to get into something that I can't get out of. Thanks for any help