This is a great time to look into the New York multi family market.Brooklyn has seen the highest percentage increase in inventory (74%) compared to other NYC metro area counties since last year (source: oneKey MLS). 

Conventional, however, will allow the home to be classified as a primary residence, and for the veteran's income to be counted for DTI purposes, if only the spouse moves to the home for now. 

Hey Shai, Are you looking for DSCR options or Conventional financing?

I live in miami florida now and I moved for larger scale developments here because of the net migration but columbus ohio the economics allow for that. existing inventory has been tougher and at the pricing inc columbus you may as well build new because you can build new less than replacement costs in a lot of the markets downtown. it's about being in adjacent downtown neighborhoods where property values and rents are higher. land values are the biggest driver of how well you can buy land to develop followed by permitted uses or rezoning applications. 

Zillow’s June Housing Market Report also pointed out that nearly 25% of listings had a price cut, with most markets in the South now “buyer-friendly”.TP: It’s certainly true that the nationwide inventory of homes for sale is up significantly year-over-year.

If I were in your position, I'd go the 5% down conventional route that Fannie Mae recently introduces for owner occupied 2-4 unit properties.

It's not uncommon for buyers using FHA products to face rejected offers or the need to significantly sweeten deals to compete with those favoring conventional loans.

If you pair the dropping of the rates and same amount of inventory with letting the population get used to 6-7% rates then drop them back in the 5's the market will be flooded with buyers again. 100% agree here.

With lack of inventory it’s those who get their first have best chance of winning - so trying to get out ahead is something to consider

Regarding commercial lending they are usually less interested in you, and more so on the property itself, unlike residential owner occupied “conventional home loans.”They will look mostly at DSCR, and LTV.