If so, have you thought of refinancing it into a conventional mortgage, take away the PMI, and reduce your payments?

During the process they "refinanced" the property and paid back some principle to the investors.  

Two partners and I paid cash for a property and for the entire rehab. It is now nearing completion.One partner would like to add the property to his portfolio (his first rental property). We want to refinance it into ...

The other challenge with refinancing under an LLC as opposed to getting under your name is the Home Equity Line.

Two partners and I paid cash for a property and for the entire rehab. It is now nearing completion.One partner would like to add the property to his portfolio (his first rental property). We want to refinance it into ...

If you invest in a value-add deal you may have it all turned around and refinanced in 12-18 months and then use the refi proceeds to pay the taxes which will only be due in April of the next year or even further out if you file for extension.

After about a year I refinanced into traditional financing.  

I am refinancing equity out of my properties to have cash to try to buy some more.I think before you start looking at entities you should ask yourself the question.  

You can also consider refinancing and getting your cash out which would cut into your cash flow some but you cant complain about +8k per year on $0 of your money.

I am refinancing my current fha loan(single family house) to conventional.