Conventional Mortgage or Local Bank/Lender?

[Erin Gray]

Hi,

Which is the best way for lending if I'm focused on SFR or multi family rentals? Do I develop a relationship with a local bank and get loans through them so that I won't have to worry about reaching a limit of loans, jumping through hoops, etc. and in doing so, I'll pay a higher interest rate (5% vs. 4.5%), shorter term (20 year vs. 30 year) and ARM (5 year)? Or do I use a conventional lender (4.5% for 30 years with 20% down) for my first 10 properties then try to find a local bank/lender to help me after I've reached the limit? Obviously, based on which way I choose, this will affect my cash flow.