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

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

Did you purchase this with a conventional loan? 

Careful in the Stock Market, seems great on it's upward trajectory however...

Rock that for about 12 months and add some equity and then you could refi out to conventional so as you pay it down in the future the mortgage insurance will drop off.

The underwriters will be looking at similar property condition requirements (c4 or higher) of a conventional loan (no deferred maintenance or safety hazards which would affect value).  

Account Closed said, income and assets are the only "hassle" with a conventional loan.

You could also use a Fannie May Home style renovation loan which a conventional loan and require 5% down vs.

If you're not using Hard Money and the property won't qualify for conventional financing, then you'd probably need to locate private money or if you have friends with IRAs, they can be self-directed to invest in real estate.

There's also the conventional loan program CHOICERenovation by Freddie Mac.