He doesn’t want to be involved at all with the property.

And seeing the rough parts of the real estate world might show you which path makes the most sense for you as there are a million ways to get involved in real estate.

Say I'm able to complete the refinance, I would then like to immediately apply for a pre-approval with the intention of buying another property as an owner occupant via FHA financing as my family size will be increasing in 6 weeks and I will need more square footage in my living space.Is this something I could do? 

It is also owned currently by a company that is involved with real estate. 

Hello all, I think this will be kinda long, so I'm gonna try and give you a quick summary if you don't want to read it all:Current diesel mechanic, just turned 30, living in Austin, TX, looking for more lucrative career options that don't involve $50k and 6 hours/day of college.

It is also owned currently by a company that is involved with real estate.

Most important thing is to have your $ lined up before you involve others and buy it right. 

Currently I am in the due diligence stage and looking to get estimates of what it costs to build per square foot.

It might carry more weight if you keep it coming from others-can you get her personally involved more?

Let's team up, let's get involved.