Someone else can correct me if I am wrong but I think you would have to get approved for an amount they would loan you like a conventional mortgage then you could find a 4-plex in that value.

I am pre-approved for a conventional, 5% down loan, can i use that to purchase at one of these online auctions?

Since the Orlando property is my first property the loan is conventional, will there be a higher interest rate if I tell them a renter is now in place?    

The rehab loan I'm currently being offered is conventional at 25% down.

-Studying legal conventions where you do business is a key to this business. 

@Yenisel Avila this is definitely one of the most debated topics in the game but with iBuyers being out of the game the lead flower has never been better so I would say go after the seller and be aggressive with what you contract the property. 

Our Investors look at the asset opposed to bank underwriting where the income and credit of the borrower are used for qualification like a conventional loan.

But now since the interest are better than what I currently have(probably about .50 to .75 point)I am leaning towards just a refinance to lower monthly payments and get rid of PMI on the FHA and go Conventional.

Conventional loan How did you add value to the deal?

Condo is $212k, located in CT, and I'd be covering mortgage payments.While I have the cash to go the standard 20% down on a 30yr conventional (pre-approved by Key Bank in CT for 3.125%), given the current market state I'd like to see if there are any options where I put less $ down and keep more cash on hand.