I encourage you to save up a bit more of savings while you educate yourself on real estate investing, however, there are a lot of financing options such as conventional loans, VA loans, hard money, etc.

However, conventional is ideal.

Conventional lending with some of these offers “balloon rates” at 30 year amor rates paid in 10 - at zero down in one of my markets. 

So today I purchased a home and paid for that home off of a heloc I had on my personal residents so basically in banks eyes I wrote a check for the new home the seller wanted to do a quick close and didn’t want to lose out on the deal so my question is is there a bank out there that will let me do a cash out refi from day 1 of ownership off of full appraisal for 75-90% LTV To get my heloc paid back and put some money back in my pocket I like to get a conventional 30 yr. mortgage on this property so my rate is locked and don’t jump around property located in Montana

Will a bank give a conventional loan on the place? 

A tip I learned by working with a great lender @John Capehart was that conventional loans only allow the buyer to get 3% in seller assist for closing costs whereas FHA loans allow for 6% of the purchase price to be covered by the seller for the buyers closing costs(usually about 5% of the purchase price in my area).

Hey All,I constructed a 34 unit apartment building which has a conventional flat torch down roof.

Then you can do a rate and term refi into a conventional loan, wait for the cashout at 6 months, or cash out in about 3 months with commercial. 

They are locking in crazy low rates with 30 year conventional financing and looking to hit very specific metrics on their returns. 

You should be able to use a conventional lender, and just do an investor cash out refi (I know you don't have a loan, but they still call it a refi).