I meet all of the requirements to qualify for a conventional/fha loan except for the good steady income as I'm currently working part-time and not making very much from the job. 

If you have a conventional loan, there is no issues.  

There may even be some other products that your lender will have that is considered conventional, but certainly there will be some options for you! 

I'll be putting 25% down using a conventional bank loan. 

There are many reasons to consider getting a hard money loan instead of taking the conventional mortgage from the bank.

I can really offer all cash as I only have 80k and wanted to get an FHA or conventional loan.

Many portfolio lenders are beating conventional right now for investments. 

If you have a bunch of sections where the pipe has collapsed or shifted, you may have no choice but to dig it up.

Offer price: $170,00020% conventional, 30 years, assume 4.5% interest for rental propertyAssume down payment, closing, minor fixes = $40,000 cashMortgage & Interest: $689Property Tax: $218HOA: $241Insurance: $60Property Management: $100Maintenance: $50 <-- efficient ~1,000 sqft condo, HOA covers all exterior (also water and basic cable)Vacancy: 8.33% ($131)Total average monthly cost: $1,358Total average monthly cost w/ vacancy factor: $1,489Expected rent: $1,575Averaged expected cash flow: $86 w/ vacancy impact; $217 w/o vacancy impactCash on Cash: 2.58% w/vacancy; 6.50% w/o vacancy <-- how does that "feel" for California?

My first mortgage was a 15% down conventional loan.- I’m looking to buy a second 2 family home and I’m wondering if I would be able to obtain it using a FHA loan??