The old fashioned way 20% down conventional.

The old fashioned way 20% down conventional.

If this were the case and I originally purchased with an FHA, you would suggest refinancing with a conventional loan?

As for buying straight up conventional or private, in a non-owner occupied situation, in my experience, you are not likely to find a solution for less than 20% down in the general market place. 

Bank some money and do what you have to do to improve your credit if needed to qualify for conventional loans.

And if I go conventional, it’ll max out at 75% LTV in which the cash-out isn’t significant enough.

You might expect that if I’ve created America’s most-comprehensive set of materials on how to invest in apartments, that I’d be encouraging you to just “jump in; the water’s fine.”Well, I didn’t get to this position by being conventional.

Residential conforming loans require the 1 yr occupation unless you get an "investment" conventional loan.Other than mortgage fraud issues, if you just "wake up" one morning before the 1yr is up, I don't think the 'power thats be" will know in it of itself. 

Guests steal things and they have a way of leaving filthy dishes, a filthy stove and sometimes it is difficult to put all the dishes, utensils and pans in the location you want them.Unlike conventional rentals, you income is not guaranteed, you have to pay management companies a super large portion of your booty because not only does a management company have to take care of your guests 24/7, they also have to deal with the cleaning services and destruction tenants leave behind them.You have to constantly juggle your calendar for tenants who want to move their move-in date forward, backwards and cancel.

Conventional financing through local Bank How did you add value to the deal?