If you had good credit (670-730 range), you have 20% to make a down payment, and sufficient income to qualify for the home you want to purchase - Would you choose the FIRST-TIME HOME BUYER or CONVENTIONAL purchase option...which would you pick and WHY?

Im looking at purchasing a duplex in middletown, Ohio.

Purchase price: $225,000 Cash invested: $56,000 Purchased 4-plex from a wholesaler.

I'd also like to try to purchase with a land trust or my LLC. 

I don't think I can ask the seller to evict prior to purchase, although that would be the best scenario.

Purchase price: $55,000 Fix and Flip Purchase.

Have you always invested in owning the parks, or have you purchased some individual mobile homes in parks you haven't owned also? 

Meet with a local banker & schedule a time to talk with a mortgage broker, they'll give you at least a baseline of what kind of down payment options and rates are out there.After that, if you're still wanting to research more creative options, do some looking into seller financing (a very hot topic with good, and bad, advice out there), look into private lenders, and commercial financing options.If you're wanting to live in 1/4 of your quadplex, then conventional residential loans may in fact be your best option as you can purchase that with a fannie/freddy loan with very low down, and use up to 75% of the income from the property toward your own income. 

My goal is to purchase my first property between now and mid to late 2025.

Purchase price: $415,000 Cash invested: $90,000 MY FIRST RENTAL PROPERTY !!