I don't charge application fees as it slow down the whole process, my normal turnover of a month can stretch to two.

My assumption was that I could get AT LEAST four conventional mortgages without having to consider commercial financing.

I ask the management company to reach out for any expense over $500 and whenever there is a vacancy so we can determine a plan of action in regards to what repairs/updates to make and how much to charge in rent.

I was hoping for feedback on using conventional financing vs hard money.

But if not then you should go and get conventional financing. 

.- Uncle putting 100% of (20%) down payment + some initial renovation costs down during purchase via conventional 30yr loan.   

I’m more of a traditional, 25% down using conventional financing with $20k in reserves type of investor so my head is spinning.

And do you charge these vendors anything?

I have the opportunity to purchase a 4-plex with a 1500 sqft storage building that was abandoned a few years ago.  The storage building would be included in the sale.  If I were to remodel it, in to two additional uni...

And if Bart puts down a 20% down payment he wont need FHA since that would qualify as a Conventional loan and then they would not have MI nor the requirement to occupy the property...