If any property I own starts to get close to 40% equity, I refinance to get it back to around 20%. 

As far as doing a conventional loan, your only changes would be paying something off to lower your DTI. 

We did a light remodel and posted it for sale based on what other comps sold quickly for in 2023.Very little interest so we've continually lowered the price.

You have the ability to use FHA, VA and Fannie Mae to build and all of those options provide a lower down payment or with VA zero down.

Estimated closing cost is $7776.80 on a $75k washout refi. 

You need a DSCR lender with a lower seasoning period.

The PPC landscape is highly competitive, mastering it can bring excellent results if it aligns with your budget and closing capabilities.

I did that and it made my profit grow, but I didn't see any other changes except I had to buy the house at a lower price. 

Yes, based on that, it is possible, especially if it went down from top to a lower floor on a wall side.

In the cities that I would like to live in, the prices are pretty high and most house hacks would be difficult to come close to cash flowing even with all units tenant occupied if I use my 0% down VA Loan.