Yes, any property over 4 units doesn't qualify for Conventional financing, you would need commercial financing. 

If you are using a conventional loan it will be 25% down.You have to honor the existing leases.

We would rather save up and get a conventional or commercial loan.

May refi out into a conventional so I can do another FHA owner/occupy with 3.5 down on the next building.

Just search on it in BP and it should come up.If you have the ability, I've found many of the local banks are pretty flexible on lending on fixer properties that conventional lenders or the big banks (BofA, Chase) won't touch.  

Hello everyone,I put an offer in on a duplex that needs a lot of work and will not pass conventional financing or standard FHA financing(the biggest reason being no heat source).

I want to purchase my first rental property with a mortgage instead of a conventional loan so I can take advantage of the homestyle/homeready programs which allow you to include renovations in the loan instead of conventional loans that require 15% down.

@Chris Mason I locked at 3.125 on a conventional second home loan yesterday with a regional lender.

This property will not qualify for an FHA loan it will have to an conventional loan. 20% down.

conventional loan How did you add value to the deal?