HUD and Agency financing is another beast compared to conventional or non-bank lending (Secondary Market).

and maybe even some encouragement.The Beginning: A Flooded Start and Big AdjustmentsI started the year by purchasing the property with 5% down, thanks to new Fannie Mae guidance on conventional loans around December 2023.

If it was me, I'd just go conventional or use a vacation home type loan w/ a lower downpayment. 

Should we do a conventional loan?

Great idea, although conventional and FHA renovation loans are somewhat of a pain to qualify for.

and the entire conventional wisdom of the 70% are there any people who don't really use it all and have found out their ways of making the numbers work Like adjusting the percentage based on the market. 

Technically, Conventional allows 15% down but you end up incurring a hefty hit to your rate/points options when you put down less than 20%, which makes causes most people opt to put 20% down.

Fannie/Freddie won't allow you to close conventional financing under an LLC. 3.

If you finance conventionally you don't have that limitation, but you can set your own goal. 

Working with a mortgage broker who specializes in investor programs can be helpful for better terms as conventional loan product lenders generally don't have the best DSCR terms.More info on DSCR loans: DSCR loans won't use your income to underwrite the loan.DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.