The new bank/mortgage company who does the refinance sees that they have to pay off the existing loan from your LLC. 

I was curious if banks or loan companies would still consider this residential, since its technically has 5 units?

If you are buying the property with a loan then you will be required by the bank to purchase a replacement cost policy.

Double check to make sure, but as was mentioned above, as long as the bank keeps getting their mortgage payment, they'll be fine.

Looking for a HVAC personal that will convert a 6 unit building from boilers to individual heating system and wont break the bank doing so.

The property was foreclosed on in 2010 and sold for 110k(bank wanted 206k HUD home listing); right now the bank re-forclosed on the 110k loan recently in Dec 2017!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

.$725- Single Family House (Already Rented, Little Rehab Needed)$800- Three Bed 1bd/1ba Unit (15k rehab)$650- 2 Bed/1bath Unit 2 (15k rehab)$600- 2 bed/1bath Unit 3 (30k rehab)I can get a purchase loan from a community bank at 75% purchase and 75% rehab retroactive. 

When I looked for a HELOC we spoke to many banks before finding the right fit.

They buy properties that don't generate income but bank on appreciation to pay it back. 

BE VERY CAREFUL THOUGH - a bank may not follow this rule.