Can I refi this loan with conventional mortgages on each property after 6 month ownership period runs?

I'd love to start buying more to hold but had such a hard time getting conventional funding for that deal that I'm trigger shy. 

There are already statutes and regulations regarding fraud and deception in real estate transactions.Educating people who want to be educated is fine, but if a governing body restricts the pool of ready and willing buyers, more properties will go to foreclosure and sit on the market longer.Real estate investors perform a vital function in every jurisdiction: putting properties back on the market, in good condition.Many of the properties they buy could never pass conventional lender's inspection because they typically require tens of thousands of dollars in repairs that most homeowners do not have or cannot do themselves.Additionally, many real estate investors near metropolitan centers can access almost an unlimited pool of funding to buy and remodel properties if the numbers work.From contract to close, the time can be in as little as 3-4 business days.The delay is mostly waiting on title companies.So when flippers mail letters and post cards to owners saying they can "close quick" and "all cash", that is a fact, not fraud.Of course, realtors will recommend you list your property – that's how they make money – so they are self-interested, which makes the report biased.Maybe next time you can have a "flipper" on you show for balanced reporting.The idea of anyone feeling "pressured" by getting a post card or flyer is ludicrous.If the homeowner doesn't want to sell, the solution is to throw them away.But the idea of "there ought to be a law" is equally ludicrous.If there are bad actors committing fraud, the answer is to enforce the laws already on the books.Out of all the properties posted for sale every 1st Tuesday of the month at the trustee's sale, a very large percentage never make it because they are bought by the very flippers you disparaged.If not for the real estate investing community, cities around the country would look much, much worse.My biggest complaint with your report is that you completely failed to get the rest of the story.Your editor needs address this."

We both have w2 jobs but have reached our limit with debt to income ratio for conventional loans, and do not have enough equity for a HELOC.

Just recently purchased my first two properties with conventional 15-yr mortgages.

Markets have firmed up and that's a good thing.. there just is not the distressed inventory that made this much more viable 10 years ago.but that all said its still viable in D class areas and low value asset areas that are underserved by the real estate community.   

The short and sweet answer is:- you will need it to be habitable as determined by an appraiser if you're looking for a conventional loan.

There is an shortage of inventory in the area for housing and I was thinking about getting it rezoned for Multi-family.

You can concurrently run your renovation project whilst looking for suitable conventional financing. 

RESPONSE: Anticipate you’ll need about 3.5% - 4% over and above your Down Payment if using a Conventional 5% Loan. 2.