@Paola Astrid, if so be the case, refi to a conventional investment loan. 

I'm excited for the opportunity to be apart of the community with BP, I reside in the state of Virginia and started my investment journey many years ago at 22 doing fix and flips, I stopped when the market crashed in 2007/2008 and didn't like the way the market looked and I left the investing world, I became a mortgage loan officer, and then processor and later underwriter and learned the backend of the conventional lending world.

@Shak F. you wont be able to do a cash-out refinance with a conventional loan, since they require 12 months.

I’ve used seller financing as both a buyer and a seller and it can make a lot of sense in certain circumstances (for example I used it as a buyer when I reached the maximum number of conventional loans I could get, and I’ve used it as a seller to both increase my net proceeds (due to collecting interest as “the bank” in addition to the sales proceeds) and to lessen my capital gains tax hit by spreading it out over a few years).

Yes we were successful winning bidding wars 3 months ago using the family postcard technique;) Basically, we added a cute picture of our family along with our offers (which were based on conventional financing) and our “humanity” made us win over the cash offers.

First, this is not a Conventional loan.

They can be sold to owner occupants that get a conventional, fha or Va loan.

If its a rental you could get a DSCR loan which is different than a conventional loan. 

Lastly, know that any conventional loan likely has a 'due on sale' clause, where if you change the title of the property, they can call your note due.

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