The 5% Fannie Mae conventional product for 2-4 is great and do you have to worry about the self sustainability test like you would on FHA.

Usually you get a long term loan from a conventional lender like a DSCR loan that is based on the property income.

I'd highly reccomend doing a 5% down conventional rather than an FHA, if you can swing the additional 1.5% down.

Here are the details:Assumable loan balance: $750k at 2.75%List price: $950kDownpayment needed: $200k to cover the differenceMy initial plan to make this deal work included a few options:Getting a loan for the $200k difference.Bringing in a partner.Asking for seller financing.However, when I discussed these options with my agent, I hit a few roadblocks:Second Mortgage: My agent said no bank would provide a second position loan for the $200k.Seller Financing: He mentioned that 99% of sellers would reject this, though we're asking anyway.Agent's Advice: He suggested I just get a conventional loan and put 5% down for the full $950k, but I feel this defeats the purpose of leveraging the assumable loan.Given these challenges, I’m trying to figure out the best way to raise the $200k.

@Jill McCannIf they cannot afford it conventional terms then they most likely cannot afford it with your terms and it can be more of a headache down the road.

As far as the lender goes, if I'm buying properties that qualify for conventional loans does it really make a difference if I build up a relationship with a specific bank vs just shopping around each time I buy a new property?

The chickens have come home to roost--we are going to sit in a period of higher inflation, higher rates, limited inventory(due to less homebuilding + low rates).

From an owners point of view, lower inventory means higher rental prices and shorter vacancy time.

I have a great ISA , looking to keep her busy with convertible leads, thats a big reason I'm searching for a better lead source, even if they are 20-35% off the top;  there's barely any expired's in my market and the FSBO's are either toooo unrealistic with their pricing or if priced right they sell on their own due to lack of inventory.

Don't let that discourage you, and certainly don't think that your options are then limited to conventional financing.