Why not just get a traditional mortgage on the house for 75% LTV?

Thanks @Rich Ng!

Since residential investing is new to my real estate experiences, I want to learn more about the following:Financing options for investors beyond traditional bank lending.Sources to find great residential investment properties Recommendations on building the right team of partners to engage in the flip processI am very excited about growing my investor network in South Florida.

I'm a 34 y/o pharmacist by trade, but in looking forward to the future, I'm realizing that the traditional 401k or IRA is a terrible way to position myself to be financially free.

Also, what is your opinion...is this a decent, long-term (not looking to get filthy rich) property or should I look for better than this?

Being head of the IRA department at my full time job, I know darn well that anyone can convert a Traditional to a Roth through your standard accounts at the bank.

I have 4 traditional mortgages and looking buy another multi-family or commercial investment property.  

Also, it depends of how fast you want to grow your real estate portfolio.If you are in it for the get rich slow but surely, buying, renting and rehabbing is a great strategy.

Traditional lending you definitely want to get preapproved.

Most traditional banks will not finance a secondary FHA loan, you would have to go with a smaller portfolio lender, credit union or mortgage broker would be your best bet.