Once you have your 10 conventional mortgages, you can still have access to funds, so that you can keep going. 

I spoke with my lender this morning and he advised that conventional mortgages may not be the way to go with this type of property because taxes and fees end up being a much larger percentage of the loan than is advisable.

Let's work with a value of $200,000  The purchase price is $100,000 the renovation is $50,000 closing costs of $7,000With a conventional "renovation" loan (yes, there are renovation loans...but not every lender offers them so make sure you are speaking with one that offers it to understand the pros/cons of going this route)15% Down Payment (yes, 15% down is the minimum) of your Purchase Price + Closing Costs - down payment is $22,500So total out of pocket here is $29,500 (down payment + closing costs).  

If you don't find one and you see a 4" line going int the basement floor than you have a chance of installing a conventional toilet close to this pipe but still a few inches above for proper drain. 

When purchasing under conventional guidelines you can supply a signed lease agreement.

Consider a conventional loan if you qualify for it and aren't buying a multi-unit property. 

Yeah they want to give me a commercial loan but I am trying to stay with a conventional fixed rate loan.

Currently I'm looking to purchase a duplex using owner-occupied financing (FHA 3.5% or conventional 5%).

It can be super hard to get over the stigma of a VA loan against so many cash and conventional offers. 

We agreed on 3.125% conventional loan, 5% down.