Rental properties come in several flavors... short term, long term, etc.  

Converting properties to multi-family is considered extensive rehab and those programs are a little more exclusive than the standard bridge loan programs. 

Quote from @Beth Johnson: We pass all loan servicing charges through to the borrower including set-up fee, monthly fees, and any servicing charges such as payoff demand generation, and loan close out fees. 

There was also a loan grant available from the state of NH for first time home buyers for 3% down payment assistance.

Hi Dean - we had access to a DSCR product until a couple weeks ago - it's currently paused, per my conversation with one of the loan brokers I work with. 

Own and just keep it as a rental longterm/short term rental?

I’d like to put as much down as possible with  conventional loan.

Unlike a mortgage the interest on your loan will not be tax deductible.

I've brokered over 325 DSCR loans.

Assuming you are both working and the rentals are long-term, rental losses up to $25,000 can offset W-2 income if your MAGI is under $150,000, with excess losses carried forward.This post does not create a CPA-Client relationship.