House hack, second property

[Pamela Winslow]

Hi BP land! I purchased my first multi investment property where I lived for a year. My plan is to keep property and fully rent it out, and get into a second multi again where I would live. I need to go FHA, I know you are not allowed to have two FHA loans. My current property has a 3.5% interest rate, does it make sense to refinance and loose that rate so I am free to get a new FHA loan for my second property. Is that my only option? Any advice is appreciated! Thank you.