IF this is a 20% down from his LOC, and 80% conventional...he can't refi..there's nothing to refi.

Hey Everyone, Typically how long before removing a co-signer off a conventional owner occupied mortgage? 

I have financed a triplex and a single family this year through conventional banks, and if I can help it, I will try my best to NEVER do that again!

Further more I'd like to continue wholesaling and pick and choose the properties id like to keep in my inventory along the way. 

We will not have the significant amount of cash needed to buy another multifamily until next year (considering not much seller financing around here and mostly only conventional financing), what types of partnerships could work for us?

With conventional financing, you have to have "skin" in the game.

Now is a great time to wholesale bc rehab inventory is low. 

Right now houses are cheap, money is cheap, and there are tons of assistance programs so we are likely to not see any major increase in home purchases as primary residences in the near term, and in fact if the market becomes tighter in terms of inventory, lending restrictions become tighter, or interest rates rise then most people would expect a decline in the number of home purchases as a primary residence. 

That income can be used but its an isolated circumstance.The only program on conventional that allows the use of boarder income outside of the exception i mentioned above is MCM- My community Fannie Mae but it requires the borrower make under the area median income (depending on county) and has no other properties owned at the time of funding.I work with many investors who house hack on the lending end and have personal experence in house hacking as Brandon would call it. 

It will be owner occupied for a minimum of a year and i currently own my own condo which i will rent out so the multifamily will be my primary home.FactsPrice range for the property is 300K - 500KMonthly payment for all properties i have explored with agent is 925-1230 (all the analysis factored in projected rental income and maintenance and most of them were already rented which gave us the rent needed for underwriting)Current cash saved for downpayment = 45KIncome = 80K (45% is 3000/month)Condo PITI+HOA = 720  (currently FHA)(market rental for similar units in my area is 1000-1200)Total monthly debt + Condo = 2000 (approximately 250 is credit card debt at 0% that can be paid off if needed but have been saving the cash for DP)As you can see i will not have enough for a 20% down conventional and cannot go FHA because my current place is FHA financing (the refinancing process would take too long to switch to conventional).