I just got a mortgage for a duplex, non-owner occupied, for a 30 year fixed at 3.75%.

This will be an owner occupied unit with the rest of the rooms on the top floors individually rented out.

Given this what are you thoughts on 1: Getting a great agent( currently talking to a few, but if you are one or know one feel free to message me) finding off market slightly distressed multi-family up to a 4plex.2: Taking a FHA 203k loan so I can take advantage of rates and low down payment since you all know RE in LA is ridiculous(creative mortgage brokers feel free to message me as well) and yes it would be my primary residence and I would be occupying one unit3: Rehab and rent the other units and STR my unit for the part of the month I’m on the east coast adding to cash flowSo all that being said and understanding that I do know LA is a tenant friendly city and not the best for landlords, and that my intention is to actually do most of my investing back east1: Do I have to wait a year to cash out refi out of the original FHA?

Meet with "Tenant 2" first and explain that you are owner occupying the property.

You only have to owner-occupy for 1 year for most types of loan products. 

After you live there for a year, you can buy another owner-occupied, so you move out of this, rent yours for $900 and now you bring in $900/month and do it again. 

It would have to be owner-occupied house, not a rental or 2nd home.

We plan to purchase a duplex and owner occupy for a year in hopes of buying a SFH afterward and renting out both sides of the duplex + acquiring additional cash flowing properties.I have an agent, have been analyzing deals and really want to get the ball rolling.

Does anyone think I could get a similar rate to what I have now with cash out refinance (for a non owner occupied rental property.)

Looking for what your experience been with conversions of a multifamily residential (tenant occupied).