My timeline could be 3-6 months if I went conventional, or much sooner if I went FHA through Rhode Island Housing.

(*Thoughts: Private money seems to be dependent on knowing someone (which I don't), Hard money seems more feasible, VA loan would require the home to be livable (which in turn may reduce much of the potential value add), conventional loan would require less stipulation than the VA loan, and personal credit cards (Not a bad option with 0% balance transfers and commitment to pay down.

B class city per Niche.Asking price: 89kDP: 20% 17.8kRehab budget: Inside is good condition, but dated. 3-5k for new appliances, fixtures, countertops, etc.PITI: $485Average rent in area: 1-1.2kWith 50% rule that's around $250 a month cash flow.Is it worth it to try for 5-10% conventional loan since it's not distressed?

@Trevor Aydelott Are you trying to get conventional money? 

People will always need places to live no matter what happens and everything I am seeing from the conventional lending market is that loans will continue to through and there will be work arounds to deal with the issues around appraisals.

If there aren't a lot of years left (I wanna say 35 but don't quote me), then a conventional bank won't give you a normal loan on the property.

I am unable to get a conventional or FHA loan simply because of the fact that my LLC has been established only 9 months ago.

On the flip side, if you can get your properties purchased or refinanced into conventional loans, there is buyer protection there that does not allow the banks to call the thing if you're making timely payments.So essentially, if you have the conventional loans, you should be well-protected to use a more aggressive leverage-heavy strategy.

Etc.Essentially, you're banking on these units being financeable with conventional financing after taking ownership, but don't have the protections in place to ensure that is the case. 

@Valeria T. your acquisition financing does not reflect HML, it reflects conventional financing.