If you finance conventionally you don't have that limitation, but you can set your own goal. 

We currently have a construction loan on the properties and we would like to refi to a more conventional loan.

Conventional or fha ? 

We purchased with a conventional loan, 10% down payment:Purchase Price: $405,000Closing/Fees/Misc: $12,500Repairs: $85,000ARV: $575,000I was hoping for rates to come down some in the next year and refinance out with a 75-80% LTV.

Then in 6 months refinance into a conventional loan and you can exit the property legally. 

It was proved to you that a HELOC and conventional mortgage compound interest at a similar rate.

Here's the latest market report (based on single family homes):🏡 Mortgage Rates:30-year conventional rate today is 6.72%30-year VA rate today is 6.15%——————————————————————————————————💰 Median Sales Price:Sept: $490,000Oct: $485,000Nov: $484,995——————————————————————————————————📈 New Listings:Sept: 1,910Oct: 1,959Nov: 1,481——————————————————————————————————📅 Median Days on Market Until Sale:Sept: 20Oct: 22Nov: 24——————————————————————————————————📦 Months Supply of Inventory:Sept: 3.3Oct: 3.3Nov: 3.0🤔 What does "Months Supply of Inventory" mean?

@Shelley AustinWhile it sounds great - if they cannot qualify for conventional financing will they be successful and pay you?

If you're new go the conventional route.

If I assume a 1.25 ratio, this scenario would allow me recover more capital than a conventional mortgage.Please let me know your thoughts.