Did you go the DSCR route for the refi or did you wait 12 months to do conventional?

My credit should be the highest allowable also and I shouldn't have problems with approval.Ok, i shopped about 80 lenders (based on Fridays rates, market is closed so no live pricing)Conventional Full Doc loan you would be at 7.875% if you put 20% down (you said what the house was worth, but not your purchase price). 

Before seasoning period ends, I want to sell to my younger brother who purchases with conventional mortgage.Is there anything wrong with this idea?  

That gives you time to get organized and established for more conventional financing. 

Quote from @Leah Miller: Hello to all,Need some lending advice.Was supposed to close on a property on Thursday, with a Fannie Mae conventional loan.

Conventional loan, 20% down non-owner occupied.

Most if not all of these properties require SIGNIFICANT cap ex rehabs and conventional financing won't touch them; you'd likely need to go the hard money route at 10-12%, 2 points, 12-18mon turn around.

If your partner does a conventional loan, you would sign allowing the mortgage to be recorded, but you do not need to sign as personal guarantee on the NOTE for a conventional loan either!

Hope is a bad strategy.The only on market strategy that I think can work is paying cash/line of credit/hard money for a property that does not qualify for conventional financing.

So I'm basically trying to explore if i can borrow money in an alternative way than conventional loan.