Hi All,Having reached the 10 property limit for FNMA loans, if I refinance four of those properties with a commercial lender taking title under under a newly formed LLC, am I still able to use the positive cashflow of these properties as qualifying income, that is, if I go buy additional four under the conventional underwriting?

After completing the rehab with a HML, refinance and pull your money out to pay back the lender. 

Either way you are going to refinance down the line, or at least pull a line of credit from the property when some of the renovations are complete so I think it's more important to just choose one and get going while the momentum is there. :) Good luck!

We have not begun the refinance process, yet. 

I recently did an FHA refinance and am required to live in my current 2-family for at least 6 months.

I need to refine my strategy and provide a stronger "cash" offer on the next one.

@Beth Zetzman get a hard money loan and refinance later.

You don't need to know everything to get started; you just need a foundation to build on and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

This is what is in my head and correct me if I am wrong, but I was thinking if I receive the property then give it about 2-3 years refinance the house and pull out equity (obviously by using the calculator that the equity amount will be enough on year 3) and use that to pay back the money that was lent to me.Is that a smart option to present to my private lender?

I'm assuming you are somewhat referring to the power of the refinance to pull capital back out of an investment to then reuse it again and again.