Thanks Joe.The agent says the REI will only accept cash or conventional financing.

@Jack DawDepending on your market that would be enough for a conventional loan downpayment on a multifamily home.

I spoke to a lender who says I can get an FHA with 3.5% down or a conventional with 15% down only for a 2-unit.My question: is the FHA loan only useful if I put a low down payment and keep moving out/in other MFHs year after year with and more FHAs?

With conventional loans or commercial loans?  

Would you acquire a property for BRRRR if it just needed cosmetic work like paint and flooring and would likely qualify for a conventional loan? 

Due to the current impeachment situation, will the interest rate in conventional loan be affected?

I have cash and proof of funds ready.. how much leverage do I have vs another that’s going through conventional , FHA loans?

Hard Money is cheaper than equity but more expensive than conventional and probably more expensive than Private.Two other things to note.

Based on the down payment it sounds like it will be owner occupied, unless it's not a conventional loan.If owner occupied with excellent credit, solid income with low DTI, that rate is very high!!!  

Little higher rates than conventional.