You can put a little as 5% down payment for conventional or 3.5% for FHA.Alternative way, is to acquire the 2nd property as an investment property with conventional, while putting 15%-25% down payment.

For an owner-occupied property with 5% down, consider a conventional loan with a renovation option like Fannie Mae  or Freddie Mac.

Should I assume the in-place IHDA loan at acquisition or close with a conventional loan and try to get IHDA loans/grants/credits later if/when I decide to keep affordable?  

DSCR loans are not always more expensive than conventional financing!

As of today, the current average interest rate for a 30-year fixed mortgage in the US is 6.91%.DSCR mortgage rates are typically anywhere between 1% and 2% higher than conventional loans.Please feel free to reach out directly with any questions or concerns.  

I’d be looking to purchase with a conventional loan, 25% down, at about 7.99% rate currently.

If seeking conventional financing, you cannot do a cash out refinance based on ARV until 12 months of ownership.

This will help direct your search to the right areas, property types and price point.If you're purchasing all-cash, skip that step.Depending on your goal and preferred timeline for closing, the majority of your time should be spent searching for and analyzing deals.Searching: Look at public listing sites; connect with an investor friendly agent and choose 1 to work with who can search MLS and off-market inventory; for additional off-market options, consider growing your own database of wholesalers and homeowners Analyzing: Your agent can send comps and you can also search public listing sites for sold homes.

Conventional loans are an option if you have good credit, but they can be harder to get for flips.

I think it's a good place to be, man there sure is a lot of multi family inventory coming in the market right now, but I guess it's getting absorbed?