First Bank is also a good local bank that may have a product for you.

@Jonathan Greene I appreciate your advise, thank you.

@Zach Fridrich David Greene's Long Distance Real Estate Investing

Check out David Greene's "BRRRR" book for more info on my second favorite real estate investing strategy (VA loan house hack is my favorite!)

Investment properties would need to be Conventional or some other non-QM loan product. 

My plan was to refinance into a 30-year fixed rate product that repaid both existing loans and also take cash out of the property if possible to help fund my next RE investment.I have been going back and forth on whether to lock-in a 30-year mortgage (loans available up to a 75% LTV) or refinance into an ARM that would allow me to take additional money out of the property (loans available up to 80% LTV). 

Purchase price: $3,987 Cash invested: $5,430 Sale price: $17,900 This is a portion of the listing ad:Wonderful, Level lot, Overlooking the 13th Green of the Flying L Golf Course * Build a home on your time schedule, or just hold on to it as an Investment, because they aren’t making anymore land in the Texas Hill Country;) Many Oak trees adorn this 1/4 acre lot and a good portion of the lot has been cleared of cedar * The lot is almost a perfect square, which is great to build on What made you interested in investing in this type of deal?

I originally worked with Jeff Chisum (tenpercentdown.com) but his team has now moved to Northpointe and they have lots of products too.

@Josh Green The biggest thing you can do is make the calls to your local lenders!

During your due diligence period you should be able to request that the seller provide a trailing 12 month breakdown of the expensesAlso, 30yr fixed is a great product as many mentioned... my thought is, take the lower payment, then if you want to pay it off faster you have the option.