Account Closed said, income and assets are the only "hassle" with a conventional loan.

There's also the conventional loan program CHOICERenovation by Freddie Mac.

I financed this deal on a 30yr conventional loan and I put 11,000 down with a 6.625% interest rate.

AAPL is another one  that is just a private organization that teach's folks how to lend their own money or others in states its legal and they have courses and info and a big convention etc and you get to say your certified AAPL lender ..

If you update to max number of conventional units, you will be able to add an ADU for each conventional unit

. #3 - Have finances in order (i.e) is this going to be bought through conventional, cash, HML, etc.

Conventional loan, 20% down non-owner occupied.

THEN, I plan to purchase the second home using a FHA or conventional loan (3%-5% down), for which I will likely pay the monthly cost out-of-pocket, maybe with some rental income support if it is a duplex.My concern is, I do not want to spend my savings or weigh down my debt-to-income ratio so much so that I cannot qualify for and pay the down payment and closing for the lending on the second home.Questions: - With the first home being multi-family, 75% of the rental income (or potential rental income initially) will relatively either maintain or boost my debt-to-income ratio from lenders' perspectives, right? 

I'd rather keep the sub-3% rate for now and finance other properties conventionally for the short term.

If you care just about positive cash flow (and you don't care about population growth, macroeconomics, or appreciation), definitely go with Cleveland.