I used a conventional loan with down payment assistance because the appraisal process is less strict than FHA or USDA and the bathrooms were barely functioning.

For investment properties, you can get a private money DSCR loan or hard money loans that are asset-based. 

90% of my clients are using the 10% down second home occupancy loan to buy in the STR asset class in all 50 states.  

When using and FHA loan, if there is a non-occupant co-borrower that is a family member, on a 2-4 unit the max.

These types of loans consider the anticipated value of the home after improvements or renovations are completed, which can be particularly appealing for homeowners planning significant upgrades.

I'm a Mortgage Loan Originator and my company has some great investor products.

Yes, a DSCR loan would only require minimal documentation from you.

We did purchase the duplex with the new conventional Fannie Mae 5% loan and it came with PMI of $71/month.

I’m and trying to weigh out whether or not to use cash on hand or New Construction loan….

Hi Nadie,You've gotten some excellent advice here already--I would also add that most lenders have a minimum loan amount of $100k, so that could make it hard to finance as well.John