An investment property is real estate property purchased with the intention of earning a return on the investment either through rental income, the future resale of the property, or both. The property may be held by an individual investor, a group of investors, or a corporation.
The requirements for conventional financing of an investment property depend on factors such as the type of property (single-family versus multifamily), your credit score, employment, and assets, as well as your other debts. These are conventional loans that require a 20.0% downpayment.
One important point to know is that while you may be able to use some of the property's expected rental income for qualification purposes, your current income is the main basis for qualification.