Also, there is a plentiful inventory of homes ranging from the 1920s to the 1950s in Miami.  

You might also consider other wholesalers as ways to get inventory.  

So here is how it went: The listing had expired, so I contacted the bank directly as a Realtor and the "standard" commission at the time was 7%We put in offer on the house for $22,000We were going to go for a 95% PMI Conventional Mortgage, which of course meant we needed 5% Dn Payment.I used the commission agreement as my down payment, and got a check back at the closing for 2%.We moved into the property as we rehabbed it, which took about 3 years (we were actually not in a hurry to sell it).

You need to find out who the agent is and talk to that agent.If there is no agent, yet, the bank is inventorying the house for now until it is ready to put it on the market. 

True, you can get into a 2-4 units for less, just like a sfr conventional loan.I like 5+ commercial loans even though the LTV is higher, the DSCR demonstrates the property IS self-sufficent (aka cash flows and that was my goal in REI). 

Although it's a bit less conventional than buying a house and then renting it out, I believe it helps a lot of the younger professionals, college students and interns find a relatively more affordable optionI'm looking to learn more about real estate investing, as well as share knowledge of managing properties and dealing with tenants.:)

I forgot to answer your other question both homes have mortgages one was 100% conventional back in the day.

You're safe because I haven't ever planned on speaking there.If you are a lender, suggest you chime in with your area of expertise and knowledge in either hard money or conventional original, as is appropriate for your level of experience and working knowledge.

Conventional home owners loan.

the most popular bank I use 21st Mortgage and require 20% down for their conventional loan.