You could also get conventional financing on the next one.

Assuming you got a conventional loan and put 25% down, based on an appraised value of $365k you potentially could pull an additional $112,500 of equity.

You could use an FHA or conventional low down payment option since it will be your primary. 

Conventional will go off your income, maybe include some of the new rental income in your DTI. 

what I'm telling people about hilltop is the only reason it's going up is because of the average housing price in columbus being pushed and the lack of inventory. when I started I'd have bought here too. if I was going to invest here I'd look at houses built after 1947 without knob and tube wiring, etc. the old housing is the problem. we are building now in downtown adjacent. land is a buyer's market and it's much less competitive and easy to get the numbers to work. there is very little construction in 43204 and I've transitioned to new construction triplex now with entitlement and larger multifamily projects feel free to message or call anytime. personally, l like new construction in 43203, 43205, 43206, 43223, 43222 right now and obviously 43215 which you have to have at least 600k in cash to get the land to entitle and want to build at least 100 units to make it worth it. 

The demand on properties is very high and inventory is at historical lows.

It was an on market deal that did not qualify for conventional financing.

The syndicator proactively notifies their capital relationships to take inventory of what equity could be available for deployment in the event the contract is awarded.

I have a few of my higher priced ones in my personal name because you can have up to 10 conventional in your personal name and they have typically have lower rates, so might as well save them for the bigger ones.The majority are in LLC's. 

Please only reach out if you can offer 90% LTV AND are NOT a conventional lender.