Is it a conventional mortgage or some type of commercial loan?

Interest rate will be high but you can refinance and get conventional years later.

-Can I Refi into a conventional mortgage after roughly 6 months if I decide to move and keep it as a rental?

@Sierra Mack if you want a conventional or FHA mortgage, they have underwriting standards.

Conventional financing How did you add value to the deal?

The plan is this;For the investor: (would like to be minimally involved, more so to be a hands off/silent investor) will contribute to the down payment needed to purchase the property with a conventional loan up to 25% of the LAMe: I will find the property, fix up if needed, rent out the property and manage it.

You get in and get out, usually into a conventional mortgage. 

You’ll have to do a conventional loan if you’re not living in it.

With buyers in my area ecstatic over the lower interest rates on conventional loans, and driving up prices as a result, It may be the right pivot to use 203k on a property that is much less conventional and often still ignored.

If you are buying something that's stabilized, then look a doing a 3% conventional.