*Offer 2: $180,000 contingent upon conventional financing, no inspection contingency, must close before the end of the year.

In the conventional world, most of the calculations are the same, but there are many that don't do it correctly. 

Yes I was doing 70% because my conventional lender does 70% LTV for 2-4 units and 75% on single family.

I am speaking with the loan officer I used for my current loan, and he said the following:"With a conventional loan going from a rate and term refinance to a cash out, you can refinance whenever you'd like with no seasoning requirements.

What would be the issue with getting a conventional loan, rehabbing, renting, and refinancing?

Homes around us are selling for low 900s and we have 647k remaining to pay on a conventional fixed loan.

You could possibly do it as just a conventional loan if you are closing in your personal name. 

If you can house hack using an FHA loan for units or conventional for owner occupied money, you should consider that as well. 

I plan on using the VA loan to purchase my first home, and than using the conventional loan to buy the property in Texas.

Thus far in my investing journey, I’ve used only conventional lending.