Conventional financing is far superior to FHA when it comes to being a Non Occupying CoBorrower. 

I was told that if you purchase a property using a conventional loan (mortgage in your name), that within a month or so after you purchase the property, you can use a Quick Claim Deed or Warranty Deed to transfer the name on the Deed of the property to your LLC.

Conventional 15 year fixed Lessons learned?

The average build cost is nearly identical but the lower price range nets out 308 builds in ten years vs 303 with conventional algorithms. 

Once down payment savings reaches ~$60k use $40k-$50k as a 20% down payment on a conventional sfr, and use recouped primary residence closing costs for the sfr closing costs, remaining $10k-$20k goes into the sfr reserves12.

I financed the deal through a combination of personal savings and a conventional mortgage.

I financed the deal through a combination of personal savings and a conventional mortgage.

I was recently at the BP convention and met several brokers who seemed to think I should just jump in and start representing investors as I seem to know what to do, but I guess I am hesitant because I have never done so.

Conventional lender asked us to add a stove and put doors on the cabinets…we argued that we didn’t own the house.

We understand that we'll need to use a local bank to obtain non-conventional financing as well as putting more than customary down.