I know those are short term but if I renovated and brought the value up could it be refinanced & then owner occupied in one of the units?

I refinanced 4 properties that I had free and clear for the down payment.

I then refinanced the second to buy 1 more.

Nevertheless, if you are in a position and able to, consider refinancing your current loan to a conventional mortgage and restore your full entitlement especially with interest rates being low again. 

This property isn't actually for sale right now, I'm just using it for practice using the calcs and analyzing deals.I'm looking at potentially purchasing with cash up front and then cash out refinancing after to pull some money back out. 

@Eduardo Paz What is preventing you from buying the one property cash today and then refinancing it in a few months and then carrying on?

Not sure I qualify for any refinancing to brrr the place, because my income has been inconsistent.

We are both carry student loan debt and old consumer debt (old credit card debt that has been refinanced into personal loans).

We are refinancing out of 1.2 million in hard money loans. 

I need to refinance a house to remove a co buyer but I don't want to have a new 100% loan for the balance owed on my credit. Does it make sense to refinance for 20K more than amount owed, then applying those funds to ...