Rates are higher than conventional but there are perks, like the fact that they don't require proof of income/DTI, lend to LLCs, and close quicker. 

Venmo allows you to use a bank account or debit card for free (they'd charge 3% fee if using a credit card). 

3rd party management companies are detached, and you may find your added rental income is eaten up in bogus charges and fees.

Can I buy a single family home with the intent to immediately rent with a low down payment conventional loan?

Check both websites to see what type of price others are charging (sec dep?

Possibly Westerly AreaWe are looking to hopefully be able to use conventional financing if the deal allows, which I think is a good place to start learning given I have already been through that process with my primary residence.

So that means he would sell to me for 28k , I would charge 7k for wholesale fee.

"Oh, look, it seems that everyone is charging $1,400/month"!

We bought it with conventional financing and immediately transferred it into an LLC we setup with its own business bank account and such.

I used conventional financing through banks.