And I think you're doing pretty good if you can find an 80%LTV product...My only other suggestion is to work a purchase money mortgage angle if possible...maybe even a lease with an option to buy...no need for conventional lending...but it depends on the circumstances of the property and the seller...

Refinance the FHA mortgage into a conventional mortgage-- owner occupied or investor.

Looking back, I would have done BRRRR strategy from the beginning because those first 2 properties used up a good chunk of money for conventional loan down payments which we cannot access anymore.   

For our primary mortgage, we are 2 years into a $600K 30 year 3.75% fixed conventional loan.Here are some pros and cons I can think of for each option:Invest as CashPros:Very liquidLess riskyNo interest on cash amount for next investmentKeep higher primary home interest expenses for tax write offCons:Sits in savings account earning 1% until reinvestedPay Down Primary Mortgage and Take Out HELOCPros:Saves $275,000 interest and reduces payoff during to 15 year on primary mortgageCons:Puts primary home at risk if future rental property investment goes badHigher and variable interest rate on HELOCBanks could close HELOC at any time removing my access to the funds for investmentMiss out on tax benefits of higher primary home interestUltimately, our goal is to have no personal debt including primary mortgage, while building a steady stream of cash flow through rental properties over time. 

I’m looking to buy my first rental soon, but I have semI limited cash to buy It out rIght and Ill need to renovate etc. for some reason I can’t get above a 700 credit score, so I don’t think I want to try conventional fInancIng..

If you buy a house in cash or do the BRRRR strategy, does the cash out refinance count against the 10 conventional loan limit?

The downtown has over 500 empty buildings, there is buzz that the Jacksonville Jaguars owner is going to redevelop 13 acres along the waterfront with a convention center, hotels, and more destination stores and restaurants.

@Daniel Dietz,Roth conversion is a taxable event therefore you need to establish accurate market value at the time of convention.

The structure for most experienced investors will either be cash or a conventional loan and not seller financing etc. 

Why would a conventional loan make better sense than an FHA?