I'm wondering if this would qualify for conventional financing, or I would be looking at commercial loans only.

Let's use an example House in Spring for 190k, if you do it correctly and get a loan as an investment you need 20% down. 

Try to position properties around Hospitals (teaching-hospitals work best) as these are great locations for rent by rooms for nurses and students that only need a place to sleep and cook for a couple of hours and then get back to work.

I do loans all the time on government leased properties and they can be great tenants.Mark

This is my first time hearing about DSCR loans.

I just did three loans up in the Jasper/Big Canoe area near you and we have a real estate investment arm that has JV'd a lot over the past decade+.

Likely an FHA loan.

Some of the other people I would want on my team are contractors, insurance advisors, bankers, loan officers, asset protection attorney, business structure attorney, home inspectors, a closing attorney, and title company.

The plan is to live in it for a cpl years so right now I’m assuming my best bet is a tricky FHA 203k loan.

For instance, you would be able to obtain a loan at less than 10% down, while a rental purchase would require at least 20% down.The down side to moving into a home is that you would not get to have LLC vesting.