But I’ve found ways to get the cash for down payments then have harvested equity to scale up. 

I'm sure the numbers are more favorable if you completely own the property and don't have to do mortgage payments or have some other bond or something to cover the mortgage payment cost.

IM USING HARD MONEY SO THOSE MONTHLY INTREST ONLY PAYMENTS ARE KILLING ME ASWELL 

You won't need to refinance because you've already got a long term mortgage, but if rates come down significantly you'll want to refi to reduce the monthly payment.

Unless you can purchase the first home as primary and show you will be buying the next FHA home closer to work, or out of state.There is also something called a "Gift of Equity" where you do not have to assume the loan you can use gifted equity for a down payment and closing costs.

Cut it down to the ground(today) and don't worry about it. stop growing trees near houses in the future.

I am ok with taking a cut in profit at this time to do that but I still have a minimum net profit I am looking to make.

So I ended up trying to wait the wholesaler out where he then came back to me asking me if I still wanted the property and I was able to gain more leverage and negotiate the price down to what I wanted that’s cutting his commission and closing the deal.

Citi Bank just came out with a low down payment, no PMI option for certain neighborhoods.

As higher-paying jobs vanish, area incomes fall, and city services are cut back.