If buying a property with cash outright, would it not make more sense to write and sell your own note on that property instead of doing a conventional cash out refinance? 

They do charge a fee for what they get you approved for so it's in their best interest to find you funding.   

Home Possible is 95% LTV, as compared to FHA's 97% LTV, but with the added benefits of beginning with a conventional loan (no mortgage insurance for life of the loan, as opposed to FHA), having a stronger offer, no self sufficiency equation, plus less strict standards for home condition that can kill the value-add ambitions you had with your FHA.Recently there were other changes with this program that makes it an even better product, and the only person on this whole forum who seems to be catching it is @Chris Mason who has written about it herehttps://www.biggerpockets.com/forums/517/topics/42...and herehttps://www.biggerpockets.com/forums/49/topics/609...I just wanted to point that out as you get into it because if I hadn't found this product I'm not sure if I'd even have a house hack right now.  

Those condos are apparently “non warrantable”.....they don’t qualify for conventional financing due to investor owned percentage of units, bad financials, etc.

@Gloria Sheridan It’s to have to do this in your situation, a refi where you Have to own/finance in your personal name, for a conventional loan.  

No sales pitch or charging money allowed. 

I’m looking to buy a third property to live in so that i can ret the other two and I was wondering if I could switch my two conventional loans into an LLC which would be rental properties?

He may be charging you over market for these two properties, but you get his mentoring expertise, so it is worth the extra money.

I have a client who got charged $3000 a few weeks ago for paying off a loan early with their former hard money lender.Another thing to consider is a 30 year loan through a hard money lender.

There are 2 different conventional programs that will allow you to put down only 3% of the price of the home and if you have very good to great credit it would be cheaper than FHA.