IF someone handed me $100k I would......put a 25% downpayment on a rental property and rent it out for 3 to 5 years and refinance and pull out my equity out, and put it into a larger rental property as a down payment...

After further research, I have been told by more than one lender that you have to wait one year to refinance the property to get the initial cash out.

But my plan is to sell or refinance after 6 months to put my partner on title only as I need my mortgage room for another project.

Would we be required to refinance to receive a new mortgage at 174,000 in order to shed PMI immediately or does it automatically fall off based on the new FMV?

You have to meet a lot of people to have enough business to keep things going.A good interest rate at the time was 8% for a refinance for good credit and good work history.

If you havent seen it, I bet you it hasnt happened.I would get your lawyer to file a 30 day notice or whatever your state/county has for a lease that is being ended NOW... 

After you have everyone at market rent refinance or sell.

We will refinance it after it’s cleared ( later explained).

,From what I’ve seen, I’m still a novice, is that you have two options. 1) Refinance to pull out the equity. 2) Keep looking for banks that will do the HELOC on investment properties.

Will I have to refinance the current FHA into a conventional loan first?