Completely understand it costs more, but we are not super interested in Quitclaiming properties into the LLC and dealing with conventional loan lenders getting upset about it (potentially).Thanks!

Be an investor FIRST, then wholesale.Second, conventional wisdom says to build your buyers list FIRST.

I am not quite fluent on these types of deals, but I thought that conventional owners occupant homes would still qualify a 4 unit building. 

Conventional loans won't loan to S Corp or LLC.

5% down conventional loan How did you add value to the deal?

@Robert Leitner given rental property appraisal with operating income statement t and 2016 which is standard for conventional mortgages are running 750 to 80 in your market I would say that you are paying less already.

I'm hoping to get either a 2b/2b condo/townhouse because that's all I can afford and rent out one of the rooms.Assuming I could afford the 20% down for a conventional mortgage, would it be smarter financially and investment-wise to try and put as less cash as possible and pay PMI or go the traditional route and pay 20% or more?

They purchased the home with 3.5% down, have put in about ~$60,000 and will be refinancing in three months to a conventional loan to get rid of PMI.Please let me know if you have any questions! 

I would like to use my line of credit to flip homes and also purchase more rentals with conventional loans.

You can definitely buy with an FHA or Conventional loan where you put only 3.5% down.