They typically have multiple origination points (meaning very high closing costs) very high rates (compared to conventional but also compared to 6 month or longer waiting period DSCR products) and almost always have VERY long pre-payment periods up to 5 years.

@Dave Harlan, I have been using conventional lenders since last 7 years and hard money since last 1 year.

Can you use conventional loans, or does the loan need to be non-recourse?

Conventional Financing How did you add value to the deal?

I've seen you post a few times about 70% max leverage but 75% is widely available, at lease with non-conventional 30Y DSCR loans.  

That's missing the forest for the trees, but you do need to manage cash flow because if you're buying conventional you'll come across DTI issues soon and if you're buying nonQM it needs to be 1:1 ratio at minimum to be qualified without unfavorable terms. 

Any lender, private or conventional, will have some hoops, maybe just not as many for private lenders...

If you got your credit decent you can start soft shopping for conventional/fha home loans if you didnt do so well improving  your credit this is where you start looking for private  lenders, partners and investors.

Fix-and-flip projects can yield quick returns but require experience, while house hacking with FHA or conventional loans is a great way to get started.

I'm always a buyer and always  seller, and have bought and sold over 1,000 properties for my own inventory.