I have to ask, why can't you get conventional financing, how is it your deal still pencils with expensive hard money. 

I have obtained a conventional 30 year loan for 20% down, for each plex, at an interest rate of 6.5%.

Definitely wish it was less work, but if it was bankable. they would have just listed it and sold it conventionally.

Brian,There are conventional 30 year term loans available to single family investors who do the BRRRR approach.

We most certainly do not see assumable loans unless it is commercial, so in conventional residential lending it's not very common, if seen at all in my area

I would ideally want to do what is typically done in a BRRRR strategy using a conventional loan, however I'm not sure if FHA loans have different rules, or if it varies from lender to lender.

I hope what you say about your deals is true, I know I rarely see an email from you that's in an area we would buy in but the bulk of your inventory probably sells before it's advertised so we may only see the marginal deals?

The last one I bought needed a lot of work (conventional lenders wouldn't lend on it as it wasn't livable, so that took out a lot of competition).

I know vacancy is a function of hundreds of factors, but in general, a property in close proximity to Ohio Stadium, downtown, the Convention Center, etc, - what is a conservative overall vacancy estimate for the year when used as an Air BnB type rental?

During that time I bought and sold two single family homes (SFHs) which I personally occupied, as well as buying 4 duplexes with conventional mortgages which I still hold today (25% down, 30 year conventional fixed mortgages).