>We want to buy small MTF in the future to househack in CA using low downpayment maybe FHA loan. 

I’m a local contractor new to investing, I created a partnership with my wife’s father and we are about to close on our first multi family with a conventional owner occupied loan in my father in laws name.

Some lenders may call the loan (meaning ask you to pay the entirety back).

Here are some quick numbers for context.Purchase totalAfter RenosYearly RentsCap Rate (pre costs)Cap Rate (- $300 IRS, PM, INS)$62,240.00 $64,890.00 $11,760.00 18.12%12.58%$71,280.00 $71,530.00 $9,516.00 13.30%8.27%$37,116.00 $39,116.00 $10,500.00 26.84%17.64%$58,857.00 $59,857.00 $12,000.00 20.05%14.03%$49,501.00 $56,046.00 $10,740.00 19.16%12.74%All in, we're interested in any creative financing - traditional refi, portfolio loans, DSCR, HELOC.

It can disqualify them for a car loan or credit card.

They offer a renovation loan that converts to a standard mortgage upon completion of the project.

Will you be asked to sign on the construction loan? 

Is finding a bank to loan me, the only option? 

Some more info on DSCR loans:DSCR loans won't use your income to underwrite the loan.

1 Year tax returns is doable if you have been self employed for the last 5 years on a conventional loan.