We had personal savings and put down 5% with a conventional loan.

@Clif Charles, to avoid having to have two separate loans and two sets of closing costs, just use a conventional loan thats known as construction to permanent.

If you want to buy a home and live in it for a few years before renting it out, I will look at low-money down conventional/FHA options; if you cannot qualify conventionally with your DTI, I would look at DSCR loans.

Hey everyone,I'm looking to BRRRR in the Beaumont/Golden triangle area given the low price-to-rent ratios and availability of inventory below 100k. 

And that's why I've used them for myself all this time since as well.Refinances through helocs or conventional are strategic tools to use when you have a good performing property that you don't want to sell but has equity trapped in it. 

Hi Kiley, the first thing you need to do is ensure you are paying taxes on your rental income - you’ll need 2 years if you want a conventional loan.

I learned that April and May are seasonally slow for rentals, since most people seem to move in the summer, and also that the market here in Wesley Chapel, FL is a bit saturated with excess inventory from all the new construction activities in the area.Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

But if you can get to the $70k-$90k range on a SFH (my bread and butter right now) you can generally get a conventional loan on that.You likely need to pay cash upfront though for the better deals. 

Conventional Loans:With a strong credit score and a larger down payment (typically 20%), conventional loans can be an option.

I would have negotiated longer terms upfront to get conventional financing upfront.