@Andrew Acuna unless you have cash to pay off the mortgage you will need to refinance from FHA to conventional.

FHA requirements for owner-occupancy state "At least one borrower must occupy the property within 60 days of signing the security instrument and intend to continue occupancy for at least one year".Not sure what your exit strategy is, but keep in mind you need to season the title 6 months before you can cash-out refinance into a conventional loan and use the higher ARV.

Most conventional lenders will refinance investment properties at 70% - 75% LTV.  

The problem is that conventional lenders don't like wholesale dealings. 

Great idea@Nathan -It's NYC  - a tenant favoured state, and the building has no conventional  mortgage 

Prices have started to climb due to the lack of inventory.

Hi thereI just became a 1099 and I am not eligible for a loan for a while, regardless of my current assets in retirements funds. How do you find hard money lenders?What are my other options? Family/friends isn't an op...

I received a message from a buyer who has conventional financing and is interested.

If there's inventory the 1031 won't cause you added heartburn. 

I have enough to buy the second all cash (just sitting in a 1.6% ally bank account at the moment) but i'm wondering if I should leverage my money and try and get a conventional loan or possible some kind of HELOC on the value of the first rental.