Without disability, conventional can sometimes be a better option - depending on loan amount, credit score, down payment, etc.

We have a flip project going on in Atlanta  and now we've been thinking thinking about house hacking something around ($250k) and finally getting out of our apartment, we already have a close friend who would rent out the room/apt/duplex but we also really want to get into one of our local rental markets and purchase a cash flowing SFH since they are so cheap and its on an army base (PP:$100K Rent:$1,200) (we would do both of these conventional) so my question is, should I purchase the cheaper rental first and get it cash flowing then go onto either buying a home or buying a home to house hack?

My lender also told me that due to this loss that his business declared, we wouldn't be able to qualify for any conventional loan either (97 - 3% down loan included). 

Freddie/Fannie guidelines prohibit lending to entities (the borrower must be an individual) and you will get the best terms with conventional financing.

We have a flip project going on in Atlanta and now we've been thinking thinking about house hacking something around ($250k) and finally getting out of our apartment, we already have a close friend who would rent out the room/apt/duplex but we also really want to get into one of our local rental markets and purchase a cash flowing SFH since they are so cheap and its on an army base (PP:$100K Rent:$1,200) (we would do both of these conventional) so my question is, should I purchase the cheaper rental first and get it cash flowing then go onto either buying a home or buying a home to house hack?

Is it possible to refinance an FHA 203k loan into another owner-occupied conventional loan to get a higher LTV?

spoke with my lender today and we agreed on allowing me to buy a multi-family home with a primary Resident Conventional loan using 10% down. of course, I would have to house hack the property the first year, meaning I would rent all units except one of the units " the one I would live in".

Hey Kris,The max cash out on a Conventional Non-Owner Occupied 1 Unit is 75% LTV that pretty much any lender should be able to take down for you.

Will this affect the process for conventional financing?

I'm looking at small multi-family for house hacking but have the following issues with risk and financing.1. conventional lenders require 10+% down on multi-family2. buying the property in my name (to get cheaper financing) and then transferring to LLC (to mitigate landlording risk) isn't possible from the lenders I've talked to (due on sale clauses can be triggered)3.