If I go the conventional route ,at the pace of my savings, I would be able to afford a property in that price range a little over a year later.

I have tried going through the conventional route of HELOC and Home Equity Loan for my primary residence.

However, holding costs would be about $2600/month, and rental income would only be around $2300/month, leaving us with a small monthly deficit until we could get an FHA/Conventional loan as my DTI is too high to qualify for FHA or conventional loans until my income average increases in April.

Consider financing options like FHA loans, conventional loans, Texas State and Local Programs, and HELOC.

Did you purchase it with a conventional loan or DSCR?

Here's the latest market report (based on single family homes): Mortgage Rates:30-year conventional rate today is 6.61%30-year VA rate today is 6.14% Median Sales Price:July: $487,483August: $480,000Sept: $490,000 New Listings:July: 2,068August: 2,198Sept: 1,910 Median Days on Market Until Sale:July: 14August: 16Sept: 20 Months Supply of Inventory:July: 2.8August: 3.1Sept: 3.1 What does "Months Supply of Inventory" mean?

All of my deals have used different types of conventional financing strategies. 

As for the cost, DSCR loans will almost always be slightly more expensive than Conventional loans.

Between risky behavior of bankers and then the government not wanting to make a housing crisis worse, 15% down programs are the best we have right now. 10% down is still available for vacation / 2nd homes, but for the purposes of conventional investment loans - 10 down. 

For a  conventional loan….that’s how it is.