My husband and I are looking to purchase our first investment property. Ideally we would like to get a 2-4 unit property and purchase it through an LLC (this LLC is currently being set up). Our goal is eventually owni...

@Chris Baxter oh and sorry yes my plan is to work the BRRRR strategy and repeat the rehab/rent/refinance strategy multiple times.

I purchased a property for 20,000 cash and spent another 75,000 rehabbing the property. So, I have 95,000 in the property and now I am trying to get my money out, but I may run into my debt/income being to high for a ...

I did not refinance with the intent to rent my home and do not want to be accused of mortgage fraud.

However, I’d like to refinance out of this property immediately with as much of my cash back as possible; here’s the question; How can put the property in an LLC I own at the initial purchase and still be “arms length away” enough so that the bank will allow me to refinance/buy out the property at a higher LTV into my personal name? 

Other options are more expensive, and really require you to hit a home run on the appraisal when you refinance. 

We financed by using a cash-out refinance we had completed last year to have money for investment property.

Either selling/refinance

So I had a hail storm during a refinance.

Is this a "refinance" or not?