That same deal FHA, by contrast, would be about $122k down.So to be clear, veterans are ALREADY getting a pretty freaking amazing/killer deal.Once you start mixing and matching VA/FHA in with refinances into conventional, veterans can ALREADY "owner occupy house nomad -> rental" pretty damn effectively. 

The inventory right now is kind of low so I would not be in a hurry.  

I could switch to Conventional likely but both lending professionals suggested FHA as the rates are relatively low. 

Just be patient because inventory is down right now.  

You should definitely be able to find conventional loans at under a 5% interest rate for 15 and 30 year terms.

@Sammy Patel For conventional lenders, in general they won't lend to an LLC.  

Conventional lenders will not give me the time of day..

Which is what I managed to do. 2) types of finance or loans did you started off with.FHA203K rehab loan and a conventional version of it the second time. 3) what was your first investment.

Hard money are high interest loans for a property you buy, rehab and then sell or refinance with conventional loans.Private money as in what source?

I've owned a duplex for around 2 years, I'm currently switching it over from FHA to conventional, then going to try to find another duplex and do another FHA.