I've also been looking for rentals in CLT for the past 6 months, and prices are too high if using conventional financing.

Maybe I'm not familiar with a good deal in your area, but $1800 in rent wouldn't even cover a conventional mortgage on a $325k house unless they put a ton of money down.For a flip, it depends on what you can get it for. you will probably have $30k in buying/selling/holding costs (could be more depending on your financing needs) plus $20-25k (just guessing by your comments above) in rehab costs.

(aka below what on market prices are giving)My question is..Has anyone had any experience doing a direct mailing campaign for a person property (preferably a 2-3 unit) where they used a conventional (or first time home buyers program) to fund the property?

I am out of conventional loan slots and need to continue to purchase. 

And I would hesitate to use anything other than conventional lending while just getting started and on Active Duty, because small mistakes can ultimately put your security clearance in jeopardy.  

@Yash Bajpai There are so many ways an inexperienced person can mess up, that conventional wisdom would recommend that one learns with smaller amount of money rather than with massive loans.

Fairly straightforward process like a conventional application.

Originally posted by @Michael Gessner:@Brian Garrett, if there were more inventory by you id be down flipping in the sun shine state, its too bad that's where I really wanna be.

Hi guys,My 10 conventional mortgage slots have been filled.

Could I transfer the property back to myself to obtain conventional financing when I go to refinance it?