Primary Conventional 15% down.

Looking at pure spreadsheet math and common convention; if you pay down your mortgage you are effectively making that interest rate on your money. 

Here in SoCal I am very high on Chula Vista, Bonita and SDSU in general especially with the conventional center under construction.

Hello Michelle, In order to qualify for a Heloc you will need to qualify just like you would when applying for a regular conventional loan.

A refinance later will have extra costs if you maintain FHA, but be cheaper on closing costs converting to conventional later, but conventional loans usually have higher rates.

Otherwise, all of the comments I read when I did spot checks seemed appropriate even if they're not conventional suggestions.

Start working on your credit score and research financing options, including FHA or conventional loans.

A SDIRA cannot be a down payment on a conventional/FHA/VA type of loan.  

If you don't sell the 1st lien off, its a lot easier for the borrower to get refinanced out into a conventional loan in 24 months at only a 80% or less LTV (depending on appreciation and market values).I think we can agree on one thing though....no matter which route you go, you have to treat it like a business.  

Hey @Philip Jones.First, most lenders do NOT require property management to do a DSCR loan or conventional loan.