Thanks for the replies!

Even if there is a correction you will still be ahead as you forced appreciation instead of buying a turn key property.

Granted I haven't met everyone who has viewed every house I have sold, but if a property is listed for correct value, at some point a buyer will purchase it, no matter what you paid for it or what your profit is.

Thanks for the replies.

Am I correct in assuming my two options are to wait the 6 months and get a conventional cash out refi mortgage, or to find a portfolio lender who can refi before 6 months, but the interest rate will be a little higher? 

But, it is very important that you understand the contract and how to fill it out correctly. 5.

However it is still misleading and not factually correct or are you simply expressing an opinion?

Correct, my PITI is about $1,250 and the principal and interest portion were locked in when I bought it in late 2015 but if I were to lump together the cost of my repairs and improvements over 30 yrs instead of having paid for them out of pocket it’d be more like $1,400.

I know this is not "correct", but that is the reality on the ground. 

If this is wrong, please correct me.