If I were to get a cosigner, would the cosigner have to be a relative if I were to go with a conventional 5% down loan?

Purchased with a conventional loan at 80% and seller financing at 15% with 5% down (No PMI!).

Hi everyone i have a off-market 4plex in Missouri that i need help financing fast numbers are looking good its currently rented for 2250 and market rents for 2800 and my current offer seems strong at 225k My issue is financing i have 25% down and want to use conventional financing but looking for a lender that goes off the property and not my income as self employed and it wont work

My wife & I currently have a conventional loan on our home, and we're at 20% equity.My questions are:1) What are the down sides to him living in and us living out?

So, I expanded markets anywhere that I could self manage from San Diego, and after a few weeks of briefly studying all the markets within a 6 hour drive, I landed my focus on Bakersfield and finding deals in traditional multi family units that needed work and were severely below market rents. 10+ offers later on everything from FHA, conventional 4 unit, the seller financing route, 5+ unit commercial lending, I finally got an offer accepted as the 2nd offer weeks after it had expired.

Do we need to refinance to a conventional mortgage before we can rent out our property, or can we keep an FHA loan?

@Yumiko A. you mentioned you only have funds for a "down payment," this is going to make it more difficult as it's much, much tougher to try to use conventional financing.

So I am planning to take a Construction to Perm loan during the construction process and then planning to refinance it into a conventional loan so that I dont need to satisfy the second home criteria.

We refinanced to a conventional loan for our first home that we plan on keeping as a rental.

While if I move forward with conventional financing we'd have to wait 6 months for a "seasoning" period before being able to refinance.