Hello,I have a handful of properties that were financed with conventional loans in my own name which have since been deeded to an LLC.

Would that free up 4 of my conventional loan quota?

So in that case you'd be better off going conventional with 85% LTV for a 2-unit and 80% for a 3-4.Lastly you could look at a DSCR (debt service coverage ratio) program, however those are intended for pure investment and carry higher rates, costs and longer closing times.Hope this all helps.

I've read several articles and have watched several videos about house hacking, and they all talk about using an FHA 3.5% down payment or a conventional loan 5% down payment when possible.

My question is should I try to get approved for an investment loan or conventional?

Conventional construction loan.

Conventional financing with a construction loan.

We need a healthy down payment, but luckily with the shift in pricing we appear to have a lot of room between what's left on the current mortgage vs. what the property will most likely appraise for...The main problem I am trying to tackle in my head right now is if refinancing in July when we close in October/November (and we will need/use conventional financing for that home) really a good idea?

The opportunity to make money might be their its just not obvious or conventional. 

@Mark Vesu I see your thread got highjacked a bit, I have a recommendation for a broker for you if you cannot do a conventional loan but I am actually working on a cash out refi for that same loan size in San Jose right now on someone’s primary home if you don’t have problems with DTI like many investors and can do a conventional loan, reach out to me and I can give you some numbers or pass on the broker