With that kind of fico score, you would be able to secure a rate that is competitive if not beating conventional investment property mortgage rates.

I am using conventional loan. 

Yes, the lenders looked at my DTI and I was able to do the first 3 cash outs with conventional loans.

I hope someone with experience can help.The property is a 3-bedroom, 1-bathroom house according to public records, but the current owner converted it into a 2-bedroom, 2-bathroom about 10 years ago without permits and updates to the records.Questions: I'm planning to use a conventional loan.

You can move to one of these markets and do a 3.5% down FHA loan, live in the property for a year, and then get another 5% down conventional.

After buying and selling over 1,000 properties for my own inventory, hundreds of which came from REOs,HUDs, VAs, Tax Sales and Sheriff Sales, I have some experience in this area.1.

As an agent in the SoCal/Inland Empire area I can tell you one of the issues we're facing is an inventory shortage.

Plus, you'll become more familiar with your local market, inventory, and clients.

Your math depends on conventional loans.

My plan, depending on the condition of the property, will be either a conventional 5% down loan or a fix-and-flip loan.