The downside is the Mortgage insurance that is there for the life of the loan however once you reach 80% LTV you can refinance into a conventional which will remove the Mortgage insurance.If the plan is to get a non-owner occupied loan then you will need 15% for a 1 unit or 25% down 2-4 unit.

If you are purchasing with a conventional investor loan you are not able to get gift funds or borrowed funds for the cash to close.

Conventional loan with 25% down.

Conventional 15 year fixed loan with 25% down.

I would start looking now because most sellers do not prefer VA loans to conventional and may take you longer to find a property.

If securing a conventional 30-year is tougher than a bridge loan for flipping, then we may look into flipping instead.

@Edward Jackson If you have good credit, I would highly suggest the conventional loan with 5% down and PMI fee over the FHA loan.

I'm not sure how it works for VA, but for conventional loans, Fannie Mae specifically allows this if certain conditions are met.

@Riley Sanders if you planned on purchasing using conventional financing, the wholesaler would have to be paid outside of escrow.

Is there a better way with conventional lending?