As I talk to lenders about my plans that involve more than 10 mortgages, I’ve realized that I have to work with portfolio lenders, but I’m also learning that the loan products from portfolio lenders seem to have higher rates than conventional loans.

Is it relatively the same as a conventional purchase as far as being able to get an inspection and back out if things are revealed that werent necessarily disclosed?

I’ve taken conventional routes so far, so maybe the conditions allow for creative options.

Why does that matter if bought with HML, cash, conventional, etc. 

This is a great way to insert yourself into a deal, using something like an FHA loan, and drop your housing costs to zero, or preferably have your primary dwelling pay you.There are lenders out there writing conventional loans with 5% down, so the FHA is not the only way to get a low down payment.

@Dave Foster  Although I am labeling the property a "flip", it is a conventional loan requiring 6 months of payments before it can be listed.

Conventional financing- had to put 20% down.

Would this be a conventional mortgage or would this need to be some kind of business loan? 

Does anyone have any advice on how to purchase a 3 unit with 5% down on a conventional loan when you don't actually plan on living there?

The Question: If we cannot close on the property with conventional financing due to the tank, and the seller cannot afford to remove the tank she could be stuck.