All are 2 bedrooms or less.Condos/townhomes, there are 56 active listings west of I-25 under $185k, most are 2 bed or under some are 3 beds.Another option might be a wholesaler, but going with an FHA or conventional loan through a wholesaler usually dosnt work all too well.  

I buy houses at 15%-20% of current fair market value.A hard money lender will put up Half only in this scenario.All of the various methods on this website REQUIRE finding a good deal except for owner occupied FHA/Conventional financing and that takes at least mediocre credit.

Most banks will give out near 4 conventional loans before the requirements start getting tough. 

I already have 4 conventional mortgages on my rental homes so I'm looking for a bank that can go beyond 4.

If you live there for a year you can buy your next one with a conventional owner occupier loan and maintain the FHA on the first.

The down payment and rehab money would come out of pocket (about $27K) and the owner will carry the mortgage for a few years which would allow me the time to fix up the place a bit and refinance into a conventional 30 year.  

It's not a Wells Fargo issue, it's a FHA/conventional underwriting issue.

The paying retail and conventional mortgage is the part the makes me worry.

As far as the financing and knowing him ; he's my brother-en-law and he's going through conventional financing for the purchasing of the home  and the investment will be hard-money loan.

I'm first time home buyer, with some credit cards debt, I know years ago you would be available to consolidated your debt with some 10 or 20 percent down, can I do this now with a FHA loan or a conventional loan?