If you anticipate an FHA buyer, subject-to financing might be the better route since you would hold title for the required period.Non-FHA Buyers: If you target conventional buyers or cash buyers, the 90-day rule won’t be an issue, which could give you more flexibility in choosing the structure.5.

The 20% down with a conventional loan also gave you a great start with lower monthly payments, which helps when maximizing rental cash flow.Regarding the lesson you learned about letting the seller take advantage of small asks, it's a common challenge for newer investors.

So if you end up needing to sell it in the future, would be a hinderance since it would eliminate FHA buyers all together + even some conventional buyers too. 

I'd like to access this equity through a Home Equity Loan (HEL) and use it to make downpayment on another investment property purchase (12 unit bldg).I bought this 4-plex in my personal name with a conventional mortgage .

@Luke Davis If you can qualify for a conventional loan that is probably going to be your best bet.

If you go directly to the bank they will run you through the qualification process just like getting a conventional loan.

You convert your hard money loan and refinance into a conventional loan and get the uptick of your renovation on the home value.

Purchase price: $480,000 Cash invested: $24,000Purchased using a 5% down conventional loan.

If you're doing a 2nd mortgage on your primary residence to get the cash for down payment on the new Quad, then you're looking at needing to qualify with DTI unless you find a lender who is a DSCR lender and not a traditional conventional loan lender.  

I’d conclude that a MTR is a unique market itself, sufficiently different from convention LTR and from STR market to merit it’s own category.