I currently have a rental in Rex, but the inventory has been pretty scarce lately.

Typically the home must be removed from MLS for 30 days prior to allowing a refinance in almost all conventional loan settings.The approach here is admirable.

However, I'm not optimistic that we'll be eligible for a conventional loan so I'm exploring other options.

I don't know about the different types of financing/creative financing etc that are out there- I'm an "old school" person- used to conventional lending etc.

quoted:"We can finance up to 80% of the value of a 1-4 unit investment property or 85% of the value of a 5-6 unit property which this would apply to you.If you placed;1. 15% down the CMHC premium would be 4.5%2. 20% down the CMHC would be 3.5%3. 25% down the CMHC premium would be 2.25%On that note 20% down is considered conventional and if you can place at least 20% down we can ask for an exception.

Conventional hasn't changed.

Some using FHA to live in one unit and rent out the rest and then regular investors going conventional.

I am just learning of all the sources of Non-conventional financing through bigger pockets.

Although great subjects I did not get into hard money, conventional borrowing, etc.

Aly I think the conventional wisdom, is operating expenses are generally 45 to 50% of gross rents.