With conventional loans for 1-4 units you don't have to worry about this.

All conventional lenders have the same products, but at the end of the day they don't all understand investing.

The way I would structure what you are doing is acquiring a low money down conventional mortgage for your fist purchase. 

When I first start 8 years ago I was doing conventional loans.

This is the first deal I'm seriously considering without using conventional financing.

I'm adding a 60-day conventional financing contingency to help ensure that we have plenty of time to do our due diligence and I have a safe cushion in reserves in case the tenants fall on hard times.

Purchase a multi, live on one side and rent the other - Problem is, because I don't have any work history I can't use a conventional loan so the option of using a business line of credit with a lender is the direction im leading towards.

@Sameer S. are you buying a 2nd home with a conventional mortgage?

I was in the process of purchasing a REO, had conventional financing but was in the process of switching it to a FNMA Homestyle loan due to the appraisal calling for repairs before closing.

I was wondering what kind of terms different companies and people are offering on a conventional loan fix and flip.