Review all househack/multifamily listings that come on the market so you can get a sense of the inventory. 

This was a conventional loan then refinanced to a 15 year conventional

25% down and conventional loan How did you add value to the deal?

With solid credit and property have you considered just going the conventional route? 

Hi Brian,Fellow Triad investor hereYou’re right that multifamily inventory in this area is lacking.However, I think there are plenty of non-multifamily properties in the Triad that are conducive to house hacking. 

Try to get at least a 2 bedroom - rent out a bedroom = pay at least some of your expenses.Save more; buy a house; do the same;Save more; buy a 2-4 unit with FHA / conventional with 5% down to househack.Hope this help.

After fixing it I would then like to rent it out and get tenants in place, and then refi to a conventional loan without doing any cash out.

WE've tried to get bankruptcy properties and after buying and selling more than 1,000 properties for my own inventory, never sucessfully got a BK. 

This would be my second REI; I have another house that was purchased with a conventional loan. 

I have ALSO heard its not about timing the market rather time IN the market, so this is where a SFH could potentially be "easier" to find.Im constantly in a headspace where I tell myself I have to get really creative to finance a MFH or come in with a 5% conventional loan and fixing a MFH to force appreciation although cash flow may not be there the first year or two.