Best Loan types for short term rentals

[Priscilla C.]

Hi I am a current homeowner and want to get a 2nd property for short term rental.I am wondering what would be the best course of action in terms of getting a loan for an investment property.Would you recommend getting a FHA loan or other conventional loan and living in the property for 1 year before renting it out and then renting out our current home or getting an investment loan and start to rent out the investment property?We do not want to borrow our equity against our current home to fund the investment property so just looking for ideas on how we should go about doing this.Thank you in advance for your answers.