looking for advice. applied for 5th and 6th mortgage from conventional Fannie/freddie compliant lender. been 3 weeks. called and was told should be no problem will have answer for you shortly. that was 1 week ago. no call, no email.

Generally the conventional, non FHA loans have been cheaper and preferred and FHA was a backup for those that could not otherwise qualify for those loan products.  

That's quite a bit cheaper than conventional management.They don't do the cleaning or manage the cleaners, though.Ironically, their office is in Denver, which is just about to pass laws to put them out of business:https://www.facebook.com/search/top/?

For a long term rental, why don't you just ask him to loan you a set amount of money at a set interest rate for a fixed term, then buy the rental with conventional financing and own the deal yourself?

I'm using conventional financing from a bank.

I am already pre-qualified for a conventional loan, but will work on getting a 203k loan if the property needs repairs. 

Use the loan that I just used to buy my first duplex in MN: Portfolio-Conventional Loan with only 3% Down Payment and NO Mortgage Insurance (yes this loan really exists).

FNMA Homestyle might be a valid options for you if you can qualify for a conventional loan.Go ahead and PM me or post on the thread.

We have a digital antenna, Netflix, and Chromecast where I can cast shows from my computer - but I miss one thing: CNBC in the morning while I am preparing for work.

They have done my last three conventional loans, and with my primary residence I am at the limit for 20% down easy money.