Sagar some do a cash out refinance after they 1031 exchange into another property.It's all a shell game until the end anyways when your heirs get the stepped up basis.

@Andrew Acuna unless you have cash to pay off the mortgage you will need to refinance from FHA to conventional.

jordan, you beat me at my first year.i sold my first only rental a single wide trailer on own land feb 2017 which only paid loan earned $ 7k, profit on depreciating asset, all while living down street in foreclosure i bought earlier, zero down, since it had 2 "homes" on 15 acres  i had it surveyed with new deed and subdivided  the 3 acre back lot camp barns, then went credit union put debt consolidation note on camp since owned outright, no appraisal or inspection needed,  cleared ratios to refinance the bigger nicer one home, used that money cash out to help me buy a 3 unit, financed fix up money, then moved into 3 unit, rented primary home, rented 2 other units, then with 3 rental units income qualified just bought 3 b1 b house to rinse and repeat now in process to refinance my fixed up 3 unit. now i just incorporated after joining bp, thats all in last 15 months. now if i can get enough cash out refi on my 3 unit im praying for good appraisals to buy reo down street to rinse rehab and repeat and im still not sure im doing it right. im still using banks or credit unions. love find investor to simplify process and reduce paperwork.i tried listing my camp on air bnb but no one wants rent off grid river front home. lol.now got hire crew and management. 

I would say your best bet is to attend the next Hoa meeting, ask them how they tried to contact you, and then ask for a “reasonable” $50-$100/month fine.

FHA requirements for owner-occupancy state "At least one borrower must occupy the property within 60 days of signing the security instrument and intend to continue occupancy for at least one year".Not sure what your exit strategy is, but keep in mind you need to season the title 6 months before you can cash-out refinance into a conventional loan and use the higher ARV.

If the house you're trying to buy is smaller or further away from work or units, an underwriter will smell that it's not a primary residence.What some folks do is refinance the portfolio into a commercial loan using an LLC so the other mortgages go away and this one mortgage is tied to those other properties. 

A bank should give him a bridge loan to complete the construction, then he can refinance once completed.

Most conventional lenders will refinance investment properties at 70% - 75% LTV.  

Anyway I want to refinance out and pay her off once property is stabilized.

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