I thought that I could refi into a conventional 30yr fixed rate at 4%-5% after the seasoning period through an FHA but I think I meant to say Fannie Mae or Freddie Mac.

The current owners have financed the properties with a combination of Fannie Mae loans and portfolio loans from several local banks. 

Secondly, the Fannie Mae Delayed Finance Program allows a person to refinance before the typical six months’ seasoning time.

Fannie Mae doesn't waive their guidelines on a one-off basis.Have one spouse go occupy and get things set up there while the other spouse babysits the rural property. :)

@Jacob Allweil refinance them individual fannie mae 30 yr’s.

However, if the loan is backed by the US Government (Fannie Mae, Freddie Mac, VA, FHA, USDA) there is probably a question that asks about ALL obligations and payments on the application.

Also, within the first 5 years you have to get to 75% ltv to remove PMI.You can look up the Fannie Mae guidelines online.

StephaniePS Don't expect Fannie Mae rates.:)

You should read the fannie mae/ freddie mac guidelines on this.Option 3 can be expensive if the annual upkeep fees for LLC's are expensive in the state you opened up the LLC.

I'd like to take out the mortgage under my name because I have residential fannie mae slots open on my credit (haven't hit 10 properties yet), and the interest rates are lower.