Should we just try to or have to use a conventional loan?

We did a conventional mortgage.

We used a conventional loan with 20% down. 

Conventional loan.

Hello Matt,You can purchase additional properties as investment properties, use conventional financing (up to 10 total), and close in your own name.

At that point, use delayed financing to refinance the "cash" home to a conventional mortgage (with a lower fixed interest rate than the interest-only HELOC rate) with a lendor. 

My husband and I are looking to buy our first property and we just got pre-approved for a Conventional loan with 5% down, 30 year fixed rate.

Unless you have a deal in the works, need cash fast, have other debts, or have fears about the market a conventional cash-out ReFi is the optimal choice.

I'd say we have at least $360,000 in equity in it as I write this (based on estimates from Zillow, Redfin & realtor.com).While we're planning on increasing the rent for the next term if we keep the property, I'd like to learn how I could leverage this equity into substantially more monthly income with little to no out of pocket expense and no capital gains taxes.I have no experience with loans other than FHA or conventional on first or second homes, although I'm vaguely aware of alternative financing methods (asset loans, etc).Any advice on how to turn that equity into substantially more monthly income?

Construction loan then convert to conventional?