However, they generally will only do commercial loans or shorter Amortization loans, 20-25 years, as Fannie and Freddie require 1 year seasoning from completion of construction for conventional financing with 30 year terms.

This isn't a loan scenario for mortgage brokers that place FNMA/FHLMC style home mortgages.The shorter answer is yes, you can do this, but you have to shop around a bit.

So they get a shorter time than the appeals process would afford them, I get $300 more than I would get otherwise, and at the end of the 2 weeks they were out or the sheriff would have locked them out.So I recommend you not try to self help on the first one, although you are doing lots of valuable research. 

I'd think too, the more eager you seem to be, the shorter the end of your stick will be.

- what amenities doe your comps have- what floor plans does your comps have (size, number of bedrooms and bathrooms)- do they offer concessions/move in specials- what term leases do they offer (just 12 months, shorter or longer)4.

Start the process - in the end it'll be shorter than anything else you're trying to do.

What I have come to find out is that banks will almost always see the second multi-unit property as an investment property, which requires 25% down, and will not acknowledge owner occupied status unless there is a very good reason for you moving (i.e. closer to work for a shorter commute, moving to a single family from a double, more space for a spouse and kids, etc.)

Only a few smaller lenders will do it and the rates/terms are much shorter.

That means 25%-30% down probably (or a 70%-75% LTV) and shorter amortization periods, higher rates, possibly a balloon or any combination there of.

The reason that you can't really lease option a property as a wholesaler is that the term of your wholesale contract is going to be significantly shorter than the term of any lease you could sign.