Once the rehab was done I refinanced out of the private loan into a conventional loan as a primary residence.

Let's say there's 3 properties in a 1-mile radius with 5b/3b, but one is a foreclosure and the other 2 are regular conventional sales.If you're doing a comp for your subject (4th) property, do you have to take the foreclosure one into consideration?

I know conventional lending could become an issue depending on the condition of the property.

Currently under contract for $552,000 with a conventional loan.

There are conventional strategies and unconventional strategies to get started in real estate. 

Dan, Investment HELOCS are extremely hard to achieve considering they are not DSCR underwrites. they are more traditional conventional qualifications.

There is also a ton of different financing strategies available other than your conventional mortgages.

I own a home currently with a conventional loan.

I was wondering between FHA and conventional.

Yes you do have to pay PMI when you do this but once you hit 20% equity you can get it removed if you buy with a Conventional loan as opposed to an FHA loan.