This will be owner-occupied however I was told a conventional loan would be best because I have a business (sole proprietorship) that reports a net loss for last year and this will lower my income if I go with a FHA loan.

If we buy the property using a conventional mortgage, how would we finance the two houses/duplexes that we would build?

Just being honest the odds of not only finding a condo but finding and close on a condo via conventional financing between today the 10th and Dec 1st will be borderline impossible.

The current loan is a VA loan, so I'm additionally debating between keeping it a VA loan or transitioning to a conventional loan. 

The issue there is going from a FHA to a 20% conventional.

Now that Fannie Mae and Freddie Mac no longer allow a mortgage on a purchase within an LLC, how can we get a conventional loan?

I'd recommend learning about these loans (FHA and conventional).

Purchased using conventional financing (20% down).

Purchased using conventional financing, 15% down.

Please share reliable lenders closed with you conventional loan in Cape Coral, Fort Myers area.