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. 

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?

Sometimes the smoothest way to acquire your 2nd house hack, the conventional route could be the best.

As far as refinancing, you can either do a conventional loan where they use your debt to income / DTI to qualify or you can use a DSCR loan which structures the loan off of the rent versus income ratio.More info on DSCR loans: DSCR loans won't use your income to underwrite the loan. 

If you're new go the conventional route.

You can also take advantage of lower down payment loan products rather than going 20-25% down on a conventional investment loan.