We have followed the BRRRR method throughout, and always refi'd into the 30-year FNMA/FHLMC backed products; always in separate names to allow my wife and me to maximize that cheap money (you can each do 10 loans). 

I had a tenant ask me to put solar panels on the house because they were going "green." 

Every market and product type has a market cap rate.  

The Village had a very productive conversation yesterday and it sounds like they are not interested in putting in too many restrictions but it's going to be open for public comment next month.

I highly recommend reading David Greene's book "Long-Distance Real Estate Investing".

@Trent Torzewski ours is very profitable, but I think it depends on your product and how much time you spend optimizing your listing.

If you haven't yet read David Greene's "Long-Distance Real Estate Investing" do so.

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 have read David Greene's BRRRR method book and am contemplating whether to save up for BRRRR or utilize the FHA Loan.Any preference on FHA vs BRRRR method for first property?

Don't forget to Kaizen your own products.