Hi everyone, I've traditionally stuck to long term buy and holds that have required limited repairs/ improvements and have not gone through the refi process as yet.

We completely renovated the upstairs bathroom, updated all hardware and hinges on doors to a matte black finish, deep cleaned the whole house, bought stainless steel fridge and washer and dryer, updated all the light fixtures and fans, and tamed the front yard.

I would talk with him further on how to do this because I am not an attorney.3) If you read the verbiage of SB608, you have some flexibility since you owner occupy as @Oscar Cardenas noted, but I would tread lightly here. 

I'm hoping to get either a 2b/2b condo/townhouse because that's all I can afford and rent out one of the rooms.Assuming I could afford the 20% down for a conventional mortgage, would it be smarter financially and investment-wise to try and put as less cash as possible and pay PMI or go the traditional route and pay 20% or more?

Our main focus is buy and hold--we have rentals of various sorts (college students, STR, and traditional)--but I'm also looking for more flips to complete this year.

Depending on the condition of things, and the tenants you install, that $70/month in maintenance may not even cover the turnover costs, which for me on a light turnover, can still be $1500.  

The inside of the bathtub was a light black that wouldn't scrub off at all. 

New lighting and faucets added throughout, all wood floors were stained in gun stock, and all interior walls were repainted with a darker gray in bedrooms and a lighter gray in common areas with a bright white trim.

Now, I'm looking to take all of my cash flow and buy a property traditionally (leaning towards a 203k at the moment).

Alternatives;If you have a decent job (I assume this means you're a credit worthy borrower), decent cash in reserve, no debt etc. obtaining a (civilian) traditional loan isn't out of the realm of possibilities.