Casey's lacks adequate parking IMO so you want to get there with some time to spare so you can find a parking space. 

My hypothesis is a process like this occurs, (this is likely too simple though to be predictive):Population Growth (Natural) ---> GDP Growth ---> Job Creation ---> Domestic Migration ---> Increased Personal Income ---> High Property Prices (assuming constant supply)Macroeconomic Demand Factors (individually or in specific combination):Increasing populationPositive net migrationIncreasing GDPIncreasing total jobsIncreasing Personal Income/CapitaIncreasing average earnings/jobIndustry DiversityFavoured IndustriesMicroeconomic Demand Factors:SchoolsCrimeWalkabilityChanging demographics/area reputationetcI look forward to your comments.Regards,Jacob

Question is, if I cannot get adequate cash out from a cash out refinance, does it make sense to close on a conventional loan (cash to close $2328) which would drop my monthly payments by $123 a month (including my $56.26 PMI payment) from my FHA loan? 

That puts significant pressure on you to maintain an adequate deal-flow.A second option is to become a broker and pair borrowers with investors.

My goals are long term in nature and when I have completed this phase of investing I would have a million plus dollar portfolio that will be throwing off an income stream that will cushion my retirement.  

hi thereI own two multi family's in Connecticut and they are both natural gas/hot water furnaces.  

The mistake people make at times on their refinances is to take too as much as they can and then the property doesn't cover the debt adequately.

While it is true and accurate that a "deposit" is by nature generally intended to be refundable, in the case where an agreement specifically indicates that a deposit in its entirety or a portion of a deposit is not refundable and it is agreed to by the parties as indicated by signature of the parties, then  as it relates to that portion so specified, or, the entirety of the deposit so indicated as non-refundable, it is not a refundable deposit.  

I did have an inspection done but apparently he didn't run the water long enough to do an adequate drain check.

Lastly, they are naturally asking for the mortgage company's information, loan number, etc.