@Christian- I have a relationship with the Vice president of a small community bank here in town.

Christian - I will reach out to you.

@Christian MartinezSince you're admittedly new to this arena, do yourself a big favor and find a seasoned investor to partner with.

@Christian Scallayes, to refi into conventional we need 20% equity, not sure about all banks, maybe small community banks have their own rules?

@Christian ScallaPMI is not required for commercial loans (5+ unit properties) because you will be required to put down 20% - 30%, so no PMI would be needed.If you buy a 1-4 unit property and don't live it in you will still be require to put down 20% to 30%.To avoid a down payment greater than 20%, you would have to buy a 1-4 unit property and live in one of the units to make it owner occupied.

So @Christian Cascone that is an interesting strategy.

@Christian Bors True, thank you Christian.

I am going to try to put my fiance's name on the return address and in the letter state you may get Christian or Brooke.  

Back then, values when up in 2008 to $135K and took out an HELOC for $35K and have been paying interest only for past 8-years (a time when I was under-employed doing non-profit work/Christian Church planting ministry).

Best,Christian