FHA vs. Conventional??

[Leslie Keesee]

My husband and I are looking into getting a loan for our first property. Our plan is to do a single family hybrid flip and then in 6 or so months refinance out then use it as a rental and then find a 4 unit to buy and live in one of them We are trying to decide which would be better for the single family hybrid flip, conventional or FHA?? What are the requirements for owner occupy before refinancing and allowing renters to move in for an FHA loan? We have done mortgage calculators and based on our current stock investments and savings we could put over 20% down on a property based on what we could get qualified for. The only concern we have is the refinancing because we don't want to live in the single family for a year. Would you recommend conventional or FHA?? Thanks! Any advice is welcome.

[Leslie Keesee]

@Joe Butcher Thanks for the reply.

I know FHA and also conventional financing has minimum guidelines for the condition a house must be in. What we are really looking for is the worst possible house that is still liveable and eligible for bank financing.