Explained the situation and he said it may be a challenge to get another conventional loan (investment loan is being considered as well but; Family loan = plan A, bank loan = plan B).We want to keep the property we live in now (since Oct 2023) and rent it out when we leave.

The best they give me is an address - some not even photos. 

I am actually looking in Decatur as I'm seeing some single family homes in the 200k range, even some fixed uppers slightly below.

.- ID and photo of Credit Card collected for each payment. 

We're hoping to do seller financing when we buy our first rental investment property, so I'll be hand-writing letters to long-time owners of rental properties (mostly single family or small multi-family).

Investment Info:Single-family residence buy & hold investment.

I am exploring Carbondale IL for multi family Investment and lookin for some feedback. 

Only future will tell if it was a right investment or not.I am Rao a newbie investor with small rental portfolio of single family homes in DFW area.

You could do that for a period of time and get your mortgage paid off twice as fast, if that's what you wanted to do, then use a HELOC (or some other form of loan of your choosing) to renovate it into a SFH...Obviously I don't know what your family's needs are but I'd be interested in hearing if you'd considered this, if you don't mind? 

I've actually heard of families owning dealerships and then buying mobile home parks (instead of the other way around).