Or I guess the 2nd loan would be conventional?

I currently have a conventional mortgage on my primary residence. 

With a primary residence you will likely get the best rate too.I will add that 5% conventional doesn't work as well as 3.5% FHA.

I’m trying to stay away from FHA and get a conventional to avoid the FHA insurance. 

The sheer volume of money and investment flowing in all the northern New England states over the past couple years is unheard of and created a highly competitive marketplace of rentals with investment that do not appear to be slowing down, even given the rental rate’s dropping double digits over the past couple years.

Are interest rates and loan-to-value (LTV) ratios competitive compared to conventional financing?

Did you go FHA or conventional?

I tried that once and was seeing double digits %.

I guess I would have to buy an extra ticket if someone else came with me to the convention. 

Are you using conventional financing?