Having worked in commercial bank finance for 10 years, there would be some serious challenges in getting this done conventionally if it came across my desk, with or without the 30% down.

Then after that I'll refi into a 30 year conventional fixed and even if the rate is 5.25% I'll still be saving money.

Don't think there is no competition in small towns.Larger cities will have more people involved in RE, the competition may be more sophisticated, bigger players, more inventory but more feeding off it too.Smaller towns usually have slower turn over, a property that's difficult to sell is easier to buy.

I just have to put this out there because I was taking quite a bit of flak from one of the members on here who said a conventional refi could not be done with only 6 mos seasoning.Not only did another BP member just complete a refi on their investment property after 6 mos, but they did it as a cash out refi to boot.So there's the answer as to whether you can do a conventional refi after 6 mos of seasoning.

Vagabond status means you probably have a great DTI ratio and can really take advantage of conventional financing right out of the gate.

If you are marketing for retail buyers they will be buying with conventional financing most likely, banks don't like to see assignments on homes they are closing.

I am looking at refinancing to conventional loan.

Hello BP,I have been doing research on the impact institutional investors are having on property inventories and prices; especially in the Phoenix and Las Vegas Market.

Honestly the only house that needed work was the foreclosure.I forgot to mention, as we do conventional financing.

Which then means prices go up on all the shops and with repeats of the cycle leads to an inability to provide inventory at prices the area can afford and an empty shopping center.