Hi @Jeff Pratt, You should be able to transfer the title of your townhome to an LLC without refinancing.

However, in regards to refinancing, I am currently looking into it and was informed that an owner occupancy loan has better interest rate vs a non owner occupancy loan.

With that said, my DTI would be in the mid 50s when I reach this point.Any pointers out there besides refinancing current loans or increasing rents to get under the required DTI?

Refinanced to get my cash out. ended up getting all but 3K back.

That cash can come from selling or refinancing the property.

The next accurate assessment of the property is going to come when the home is purchased or refinanced, and the deed is recorded.  

@Jaysen Medhurst excuse my ignorance but if it cash flows with small amount down can’t the rate be refinanced as the equity builds.

But if you are not refinancing, you can do a quit claim deed to change title to whomever and remove whomever and set up an LLC and transfer title to that LLC.

In the last 18 months, I have purchased three condos in which I have:A ) moved into one (instead of rent) did some work in it, refinanced it and get it appraised already at +13,000 more than I bought it just 6 months.B) Bought a unit across the hall, with the intention of eventually activating it for rental but holding it with a family member for now.C) Bought a unit for my mom - only get one mother ;-)None of these are 'making me money' just yet, but figured for the price of owning two units and living in one of them - it was almost as much as the rent I had on a two bedroom down the street. 

An underground tank will be a liability on refinancing and where I am, most tanks are pulled prior to listing except from REO properties.From a cost basis, where I am, a tank pull is about $1,750.