Best financing option for first rental.

[Tyler Herbert]

Hello, 

I am looking to purchase a rental property, but I'm not sure what my best option is in the way of financing. Should I start with hard money to get the property and then refinance through a bank/credit union? Or should I look at a conventional mortgage from the start and drop the hard money? I purchased a primary single family last year using an FHA, but I'm not sure of my best route for the next one. I can have a signed leased from a tenant before purchase if that helps anything in the way of financing.

Thanks in advance.