The goal i sit with is to maximize leverage abillity for me, and having already maxed out with conventional financing in norway, i now seek employment abroad.

I don't think its correction will be sudden drop but more of a slow tapering as inventory is added and interest rates rise. 

In the near future we will be bringing on investors who will serve as private lenders on rehabs which will be sold conventionally in most cases.I have tons of pictures that wont make this post but here's a few!

Can I do FHA or does it have to be conventional?

In the case of rehabs, they are buying the property through conventional methods or other lending types and using the HELOC for down payment or rehabs.If the HELOC is not drawn upon, do the conventional lenders still look at the fact that the money is "available" to be drawn on?

This might given you the time to overcome the hurdles to obtain a conventional 30 year loan.

This technique works best for someone with a good job and lousy credit (can't get a conventional mortgage).  

If you have the funds you don't have to wait any time if you are looking to buy another investment property using a conventional mortgage.

Take your time, build up your inventory of supplies, buy deals.

It is not inconceivable in my opinion that a conventional loan may in fact take up to 60 days to complete after October 3, 2015.Google Search TRID...you can get the full details and impacts on the process there.