What financing channel to use on a first investment property?

[Ruben Parra]

Hi BP!

What would you recommend in terms of financing for a first time rental property investment (buy and hold) and looking to purchase a second rental the year after?

Situation is as follows: funds of 25% purchase price available with only another 5K-10K more for possible rehab, Credit 770+ score, stable salary with no debt, living expenses 50% of net income . No existing equity or mortgage (has not purchased primary residence) and will not be living in the rental.

Would a safe bet be to get into the first rental with a conventional loan due to the existing interest rates? Would it make any sense to look into any other forms of financing or get creative?