When and how to Refinance a house hack?

[Josephine Breign]

Hi BP,

I'm in the process of house hacking and renovating a multifamily property, and I have a question regarding when and how to refinance. There's a couple things I'd like to accomplish with the refinance, which I'll list here: 

1. Cash out. There's not a ton of money in (I bought with FHA) but the property has appreciated and I've added value with renovations.

2. Get rid of PMI

3. Refinance into an LLC after I move out.

So as I'm currently living in the property, I understand that I could potentially get a higher percentage loan (80-95%), than if I moved out and it was a pure investment property (75%). This is what is tripping me up. Ideally I would refinance while still living in it so I can take out 80-95%. But then if I move out shortly after, will I be able to refinance again into an LLC?

Is there something I'm missing here? Any advice would be greatly appreciated!