So I'm well aware that I won't be able to put 20% down on a conventional loan with the amount I have.

A much better option is a conventional loan with 5% down.

I am refinancing the property into my personal name (the rates were so much lower for a conventional loan in my name).

I have a question for those who experienced the following scenario (I apologize for the oversimplification and numbers clutter):I bought SFH rental for 300K with conventional 20 year fixed 3.75% a few years ago with 60K down payment.

I have a question for those who experienced the following scenario (I apologize for the oversimplification and numbers clutter):I bought SFH rental for 300K with conventional 20 year fixed 3.75% a few years ago with 60K down payment.

Or it may be a conventional loan. 

As a personally owned property you have access to the broader mortgage market (like the conventional and FHA loans that are all the rave right now). 

Outside of the FHA route, you may also be eligible for a 5-10% down conventional loan which will be cheaper in the long run.

@Wayne BrooksSo if I’m understanding you correctly, so long as i payback in full my fha loan or refinance it into a conventional mortgage, i can get a second FHA loan?

Conventional 25% down How did you add value to the deal?