What are the new rules to obtain 1-10 conventional loans?

[Cory Binsfield]

Wow, it's been years since I had to do a 30 year mortgage on a conventional rental (4 units or less). 

I'm thinking of trying it again for a property that i found. I could easily do a 20 year commercial, but I like Aunt Fannie Mae's terms better. 30 years locked at 4-5%. Can you believe how great it is to be an investor? 

Any mortgage experts/brokers out there who can answer the following? 

This may prove useful for new investors too.

• What are the Fannie/Freddie down payment requirements for people with 1-4 properties or 5-10 properties?
• What are the reserve requirements for PITI if you have 9 conventional investment loans? What about 1-4, 5-10?
• Does your primary residence count in this scenario? 

What advice would you give a new investor on growing a portfolio from 1 rental property to 10 properties for the buy and hold mindset In terms of how you project your down payment strategy? 

When I did this, it was waaaaaay easier. 

Thanks for the tips!