Both Conventional loans and DSCR loans can offer this flexibility, depending on the specific scenario and borrower qualifications.

Fannie/Freddie (Conventional) loans aren't just about rate and transfer taxes. 

THe lender is a credit union and it is a conventional low rate loan.

People I admire in the space: Grace Gudenkauf (also a BP author) or Jenn & Joe Fave. 

If you had good credit (670-730 range), you have 20% to make a down payment, and sufficient income to qualify for the home you want to purchase - Would you choose the FIRST-TIME HOME BUYER or CONVENTIONAL purchase option...which would you pick and WHY?

Number 2 and 6 are my fave’s lol

Here is some key information:Property recently hit the market and has 2 cash offers alreadyThe seller provided a pre-inspection report, which I shared with 2 different lenders, both think it may fail conventional financing due to potential structural and electrical issues (realtor thinks it could pass conventional)Seller has 100% equity but is behind on other payments (not sure of the urgency money is needed)This is my first attempt at an “investment” property so I’m new to thisI see 3 optionsMove forward with an offer using conventional loan pre-qualification-Not as attractive of an offer to the seller-Possibility that appraiser calls out structural/electrical issues that need to be fixed before closing, effectively causing financing to fail- Best terms and fewest loan fees for meUse a rehab style loan such as ChoiceRenovation-Even less attractive than a conventional offer to seller, but less risk of failed financing if appraiser calls out issues-Slightly worse fees and interest rates compared to conventional-Lenders tell me possibly up to 60-90 days closing in some cases, with red-tape for contractor requirements and draw schedules (sounds like the most hoops to jump through during rehab)Use a hard money lender-Most attractive loan option I can give to seller so I can compete-Much higher fees and interest rate for me-need to refinance into a conventional at the end of rehab (not familiar with seasoning periods but I think this is a factor as well)Which option would you do?

I know conventional lending could become an issue depending on the condition of the property.

Quote from @Paola Astrid: Should I refi to dscr or conventional to remove pmi?

This will be huge for house hackers out there. 95%LTV on 2-4 unit properties. Set to release on Nov 18th. Keep an eye on this.