STR Fannie Mae Refinance

[Lauren C.]

Is it possible to BRRRR an STR using FNMA loan?

Have not seen anyone mention that they were able to do this due to issues w/FNMA counting projected income from STR instead of seeing a long-term lease in place prior to initiating the refinance process. (There are private lenders that do this, but this question is strictly referring to FNMA.) Also, I know that this is fine for a purchase (depending on whether the lender is familiar w/ underwriting using STR projected income when it is customary in the market) but this question is for refinancing.

It would be a BRRRR without the RENT prior to REFINANCE part.

Thanks very much.