I can look at the data until I am blue in the face, nothing beats first-hand experience. 

I would reach out to a local mortgage lender so they can give you cold, hard data on your refi.

If you're seeing development that doesn't pass the sniff test then investigate further!

the Federal NMLS test is MUCH tougher than the real estate agents tests at least for me it was..

Since @Nick Gee said he had owned one for 2 years and was renovating one to be used as a rental I'm guessing he and his accountant feel ok with passing the intent test.

Thanks for posting the data. 

@Rolly Weaver Hey Rolly, do you know if there is any available data that tracks hedge fund real estate investment activity?

@Aaron GarbadeBuying a 3-4 unit with FHA, including FHA 203k, the property must pass the self sufficiency test meaning that 75% of the market rents for the 2-3 units you will not occupy as your primary residence must be sufficient to pay the monthly Mortgage payment.

Turn water on and test.

However, is there any documentation or tutorials that teaches us newbies how to read the projected data.