Conventional 30 year with $6800 down.

Purchase: $405kPersonal contributions: 12k (closing costs) + 15k (repairs) + 20k (5% down payment for conventional loan) = $47kPure Cashflow: $500/monthCash on Cash ROI: 13.33%ARV: $475k?

Put 5% down on a conventional mortgage.

Conventional mortgage with 5% down.

Purchasers with All-cash, conventional financing, traditional FHA loans and (sometimes) VA loans will have a better chance at an accepted offer than a 203K loan.This, however, doesn't make it impossible!

Too much interest rate exposure considering rates are most likely going up soon.Looking for longer term conventional financing options with a rate locked in.

I wanted to get some advice from agents, other lenders as well as borrowers on lending best practices and what you look for in a conventional lender.

However, if you do not have a conventional loan, it is not so simple. 

My plan is to use that for a 20% down payment on a conventional loan.

Purchase price: $195,000 Cash invested: $30,000 My first purchase was made using a conventional loan.