I am using family cash with the goal of refinancing in 6mo to a conventional loan.My questions are how to find out for sure if it was a permited and if not is this type of structure allowable for the area?

What would be good strategy on this property.1) Buy this property at $460 K  with conventional mortgage and spend 25k in rehab before renting this out .2) Buy this property at $460 K all cash , rehab and rent it out and then get cash out on the property 2 months at appraise value of $560k after the purchase to get the max ROI.If I go with option 2 is there any lender who can refinance a property 2 month after the purchase?

I even put together big clear plastic bins full of supplies so my cleaner would have a big inventory of supplies to start with.Re: #2, check out Evolve Vacation Rentals if you want to outsource this.

I have noticed more and more inventory being available while prices are still high.

Id like to have a place we can live in until the children are done in school, and then add the property to our rental inventory.  

It seems like inventory on the retail side picked up quite a bit.

I didn't think when purchasing an investment property conventionally you could get around that?  

But they had other conventional options.

Financed is financed; whether it's conventional or hard money. 

Conventional non owner occ loans usually run at least half a point higher than owner occ.