etc..If you are looking to leverage debt and come in w/ little to no money down (VA), I'd recommend owner occupying / house hacking / whatever you want to call it and depending on if you're looking at an SFR or duplex an FHA or conventional loan product will most likely work best. 

According to Bank Rate, interest rates have hit short-term highs, tightening cash flows and making qualifications more difficult.Source: Bank RateSingle-family home (SFH) marketBut the SFH market is showing no sign of slowing amidst record demand and low supply.

Their novelty product?

I am currently in Houston, TX but will be moving back to Allentown in November to continue working at Air Products in Trexlertown PA.

When would it be wiser to use a conventional home mortgage than a product like this?

Joel Owens here on BP is one I've always been impressed with his understanding of product type, cycles, returns etc.

The only thing I see slowing this market down is an increase in rates, or if builders figure out a way to double or triple the rate at which they can build. 

@Orwin Smith if you know the product you need but just need it in a specific state try posting in that state forum.

The good news is there should be products still out there. 

But if you start seeing multiple listings of 45+ days, that market may be a bit slow with renters.