I'm not saying this would be easy, but if their credit is high enough and conventional loans are a no-go... it's worth exploring. 

Thought about doing a cash out refinance using current bank lender, or any other conventional lender.

I am aiming for a home between 150-250k, which i can afford if all hell breaks loose, at a 5% conventional 30 year term loan (unless a lender or someone else can suggest me a better loan) My question is what are the minimum requirements for obtaining such a home (capital wise, credit score wise, salary wise) Who can i specifically talk to for these numbers and help me understand tenant demand, areas, and more specific information about my market?

Since last year of November, Fannie and Freddie has allowed borrowers to put min 5% down for conventional loans and being able to invest multifamily up to 4units.

A lot of people in your situation move to DSCR Loans away from conventional as one of the main advantages of DSCR vs.

(We can only get approved via conventional for 330-360)What do you guys think?

With such low inventory, Investors are hungry for properties and this ain't looking up, unless the rates come DOWN!

Less inventory but definitely worth a look.

There is limited inventory for purchase and average market time is less than a week with multiple offers.

Then comes Super Mystery Weekend in las Vegas ansd you feel like you're at a combination of an Amway convention and a political rally.