That seems unlikely, but what do I know.Buyer's intent is to purchase property, convert entire building to living space (which, according to deed restrictions, just means insulated and conditioned space), and then refinance in 6 (conventional) or 12 (FHA) months to pay off owner-financed note.

I wish you all the best as you seek to add more inventory to your portfolio.  

However, would you do an FHA mortgage even if you could do conventional 20 - 25% down?

I'm currently in an FHA loan, so I would refi to a conventional loan and then come September save an additional 3.5% on an FHA loan for my primary residence to be closer to work.

Yes I'm my area we are short on inventory also.....selling is really hard..if you sell way too early you can miss out a lot on return....I think when the market becomes a sellers market ...then may be a good idea to sell...not sure...we are not in a seller market in my area yet...

If you can get a property under contract at 70%, close and take title, and then list in the MLS or blast to your list, due to the low inventory, it will sell.

We didn't pay anything down and we got a rate of 3.6% which is hard to beat compared to a regular conventional loan.

I am looking in this price range as my goal is to buy 2 properties this year (with conventional loan).Your comments/suggestions are greatly appreciated and all my best luck to all the investors out there.JC

You could find a personal loan or hard money lender to fund your next adventure, but the terms are going to look much worse than traditional conventional financing.

That seems unlikely, but what do I know.Buyer's intent is to purchase property, convert entire building to living space (which, according to deed restrictions, just means insulated and conditioned space), and then refinance in 6 (conventional) or 12 (FHA) months to pay off owner-financed note.