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Most all guidlines will require you to pay the PMI for at least 12 months before it can be removed. You can refinance but will need to save all your reciepts to show the reason for the jump in value was your rehab of the property.The Appraisal is not public record so it will not changed your taxes.All The Best
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For Sale: $108,500
For Sale: $87,500
For Sale: $35,000