Additionally, depending on how you plan on purchasing - most conventional lenders won't underwrite a purchase in the name of an LLC that has no income/history. 1.

The hard money loan is only there for about a month so you can refinance it with your new conventional mortgage loan.

But hypothetically, let's say it's not distressed and I want to go conventional. 

That 5% conventional came in clutch!

@Nancy RaWhy not just buy with conventional financing ?

BRRRR and hold for cash flow SFR or Multi-Family homes via conventional financing (multi decade time horizon)2.

You can refinance it into a conventional loan in 12 months and then re-use your 100% VA benefits on the next home.If you have any questions feel free to reach out I enjoy helping and talking REI!

The more properties you have in your portfolio, the harder it is to get conventional funding.

If the property can be sold with conventional financing I am on the other side of things (and the minority) they seller financing is a bad idea due to the risk and the returns especially when considering tax ramifications

- With the property I intend to purchase 2-3 years from now I would hope to get a 15 or 30 yr conventional loan, but what should I consider for the investment property (hoping to put down as little as possible).Thank you all in advance!