As a licensed Realtor in Washington, I can tell you that our market has never been this hot and there are some quite insane offers being placed by buyers due to the lack of inventory right now.

I think you may be used to conventional loans, but hard money is normally 2-3 more expensive. 

You have to stay in your FHA probably for about a year, I don't know much about your market but if you went with conventional financing (typically 20%) it may be difficult to find homes in the $50,000 price range. 

I'm looking for individuals who have an inside look into single family homes and triplex/quadplex inventories and have an idea of up and coming areas.  

@Cameron Knight  Most of the conventional lenders do not lend under LLC so that will be commercial  loan for you.

Can either one work if a home only accepts cash or conventional loans?

However, inventory remains incredibly tight, with only 1.7 months of inventory in Austin and 2.4 months in the greater Austin area (a balanced market is 6.5 months).Steve Crorey, 2018 president of the Austin Board of REALTORS®, said, "In the Austin-Round Rock MSA, price classes across the board are seeing an increase in demand with a decrease in inventory. 

Let me know if you need any conventional financing recommendation I have worked with what seems like almost 100 different lenders and can definitely point you in the right direction! 

I recall needing a CO for a conventional mortgage in NJ.

That is where you get a conventional 30 year mortgage for a property you paid cash and that has no liens against it.