Yes, this is pretty normal - generally conventional loans like this are super competitive (since everyones essentially offering the same product) so shopping and finding some deals especially with smaller banks and brokers can yield good rates well under the "prevailing headline market rates"

I would check out Craig's book (https://store.biggerpockets.com/products/the-house-hacking-s...).

2nd questions; I Just got pre approved for a non QM product: 20% down, 8.25% interest rate, 12 month pre payment penalty period, 2 points, and Conforming Conventional product: 25% down payment, 8% interest rate, no pre payment penalty, 1 point fee. 2-4 unit in Ohio.

The advantage of using a new build, when available, is a first-come-first-served environment instead of the multiple offer pay over list market in resale product.  

I was trying to go for cash flow (on paper)  but I'm losing money every month, not sure when these properties will stabilize.

Inspectors are evaluating all high rise buildings in Florida for structural stability. 

However, I do not plan on investing in this area due to hurdles of entry such as expensive product and high competition.

I have known him for 16 yrs and he has spent his entire career in retail leasing, primarily on grocery anchored strips, like FNRP's product.  

This might fall into the 20 year, ARM products.  

Like Nate mentioned, choosing the right lender will depened on the type of loan product you are needing.