If so conventional will be better because FHA/Conv guidelines are the wheel house typically of mortgage broker and some times banker (synonymous names but they all do and sell the same product).Credit unions can sometimes do Fannie Freddie/conventional FHA too but generally aren’t that great at them.

Unfortunately we won't have the space for wooden stairs, without losing out on the parking spaces.

For an owner-occupied property with 5% down, consider a conventional loan with a renovation option like Fannie Mae  or Freddie Mac.

Should I assume the in-place IHDA loan at acquisition or close with a conventional loan and try to get IHDA loans/grants/credits later if/when I decide to keep affordable?  

I’d be looking to purchase with a conventional loan, 25% down, at about 7.99% rate currently.

You can put a little as 5% down payment for conventional or 3.5% for FHA.Alternative way, is to acquire the 2nd property as an investment property with conventional, while putting 15%-25% down payment.

DSCR loans are not always more expensive than conventional financing!

Conventional loans are an option if you have good credit, but they can be harder to get for flips.

I thought that conventional wisdom was to buy materials, but I think your points 1&3 would be a great comboTO ANY ONE - @Bruce Woodruff brings up a great point about defining scope.

As of today, the current average interest rate for a 30-year fixed mortgage in the US is 6.91%.DSCR mortgage rates are typically anywhere between 1% and 2% higher than conventional loans.Please feel free to reach out directly with any questions or concerns.