When you buy owner occupant, as you probably already know, you'll have to occupy the property for at least one year, after that you can purchase another property with a conventional loan, 5% down, which could be a condo, townhome or single-family home that after you move out will also give you positive cash flow. 

After doing the math and starting this year, my yearly cash flow will decrease from $5,940/year to $1,502/year for every year because that total difference goes to pay off new mortgage, assuming 100% vacancy & the same rent every year.Process of doing a cash refi: It is the same as getting a conventional mortgage.

And with interest rates at rock bottom, it's a pretty good time to take on a conventional mortgage (so long as your employment is secure in the midst of this COVID crisis).

I've heard the same about conventional banks as well. 

I recall it was about $0.07 per mile over a 12 year period or something like that; it was approx. the same for a conventional vehicle based on something like $3 or $4 a gallon and equivalent mileage.

Am I simply relegated to using conventional loans, recouping my initial investment 4 to 5 years down the road, buying another one, and continuing to operate on that sort of a cycle?

Am I simply relegated to using conventional loans, recouping my initial investment 4 to 5 years down the road, buying another one, and continuing to operate on that sort of a cycle?

@Jay Marz If you are using conventional bank financing then getting a new LLC won't do you any good.

Conventional, FHA or VA?

Buy an investment property with conventional financing or an off-market deal with cash/credit, to use the BRRR method, and forfeit the chance to use FHA.