Quote from @Paige Seeley: @Jay Hurst even with 20% down, what non conventional options are you talking about? 

Sadly, FHA has a 2 year work history requirement, as does Conventional and USDA financing. 

As others have suggested, you could get a conventional or FHA loan if you want lower down payment options.

Doing so will seperate your investments from your personal assets and protect you from liability. also, one thing you may not know is that you cannot get a conventional loan with an LLC.

Yes you can use commission as sourced funds for down payment on a conventional loan.However some lenders have internal overlays that don't allow it.

My credit should be the highest allowable also and I shouldn't have problems with approval.Ok, i shopped about 80 lenders (based on Fridays rates, market is closed so no live pricing)Conventional Full Doc loan you would be at 7.875% if you put 20% down (you said what the house was worth, but not your purchase price). 

Why not 30 year term with a conventional loan?  

You can use FHA with 3.5% down or Conventional with 5% down for a property liek this. 

@Stacie Telles Assuming you took out a conventional mortgage on the property you won't be able to refinance for at least 12 months.

Did you go the DSCR route for the refi or did you wait 12 months to do conventional?