BRRRR Clarification: Limit of 4 Mortgages?

[Freddy Hernandez]

Hello everyone, I have a few questions regarding the BRRRR strategy since I am in the beginning stages of executing my first purchase using said method. Once the property is rehabbed and rented, is there an amount of time I need to wait before financing the property? Also, I recently read that there is a limit of 4 mortgages. If I’m not mistaken this only applies to FreddieMac/FannieMae correct? This does not apply to small lender and credit unions does it? I plan to finance through a small lender where I am good friends with one of the brokers. Thank you all in advance!!