They are scattered out in mobile home subdivisions on lots that I own so I know what I can get for them and have a decent inventory stored up of various parts and things for repairs over the years.  

How many conventional mortgages can i have at one time?

The main property is now worth 1.2M, with about 400k in discharged debt being paid monthly. 4 plex, owner occupied.The other 4 properties combined have 700k value with 500k in debt.Does one need to show the other discharged debts when applying for fha or conventional refinance of the main property?

So my question is: Should I apply for a conventional home loan as an individual or go for a business LOC or loan to finance my first property.Other details:- Looking at multi-unit properties (3-4 units)- Looking to finance about $20-$50K (LOC for $20k or Home loan for $50kAny and all feedback welcomed.

In fact that would reset your 2 yr clock again.You can get a conventional loan to buy a 1-4 unit property.

I do have some connections to wholesalers that I get inventory from, not sure if they are active in your area.

In fact that would reset your 2 yr clock again.You can get a conventional loan to buy a 1-4 unit property.

Cannot close conventional in LLC.

My wife and I were fortunate enough to purchase our first home together (single family -- ranch) with a conventional bank 30-year loan with 20% down.  

What I'm seeing in the market right now is banks are trying to get almost market rates for their REO properties, as foreclosure inventory is decreasing dramatically (30%+ down over last year).