Is the rate typically the same as conventional loan for investment property?

That being said, I don't see the Costco's, Amazons, Microsofts of Seattle leaving there anytime soon, and so I do think there will always been high demand for property in Seattle, but the double digit annualized appreciation that has been occurring over the last decade, I don't see continuing.  

He decided to dig it out and just fill the temporary drain way in. 

Conventional loans are the only conforming residential product for non-owner occupied. 

I just spoke to a lender and he said the interest rate is usually 5% for 30 years. 5% x 30 years doesn't seem all that great considering interest rate for a conventional loan is at an all time high around 3%. 

you need to slow way down and have a clear picture of what you're getting yourself into. as others had mentioned, why not go the conventional loan route?

My question is this...I have enough saved up for a 20% down payment - however, I was thinking about using an FHA loan for my first property (and living in it) and then start looking to purchase a second multi-family home shortly after with a conventional loan and 20% down.

It's basically a garage/storage area, but could be converted into a legal home/livable space.If we were to purchase the property through a conventional loan and convert the 2nd building, is it fair to assume we could then refi at a higher property value?

etc..If you are looking to leverage debt and come in w/ little to no money down (VA), I'd recommend owner occupying / house hacking / whatever you want to call it and depending on if you're looking at an SFR or duplex an FHA or conventional loan product will most likely work best. 

Is this a Conventional loan or a non-QM loan?