I am hoping to have it done and refinanced by Christmas.

@Gregory Schwartz - would he be open to cash out refinancing 80% of the home’s value and adding the ladies to the deed and mortgage?

The questions I have are:1) Since I refinanced the property and it ideally appraises at a higher value, would the higher LTV decrease my cash-flow I receive on the property?

HOWEVER we have noticed that banks will not allow us to include the rental income as income when refinancing unless there is a two year history.

I might add, that if one does use a hard money lender with the plan of refinancing to better rates, or because the hard money loan is only for a few years, you better talk to an experienced prime lender first to make sure that "refi exit strategy" will be possible - or you could be in a very tough position down the road.

Then obviously if you had trouble refinancing it could be a problem.

@Toby ThompsonWhen you refinanced, you signed a mortgage at closing stating that you would occupy the property for 1 year. 

Im looking into buying a 4 unit multi family property, I reached out to my financial broker and she told be thatI would need to wait a year before i can refinance it for the property value. Does anyone know any way th...

How much cash flow do you aim to have AFTER refinancing?

Is there a seasoning period that would prevent me from refinancing into a 30yr conventional mortgage?