I think you can rent out no more than 180 days out of a year..

A property owner can have an owner occupant property, a second home, and investment home financing and as long as it is up to 4 financed properties, standard Fannie Mae Guidelines apply.Here are the general Fannie Mae Guidelines on Conventional Loans.Minimum credit scores required to qualify for a conventional loan is 620 FICO credit scores.Maximum debt to income ratios to qualify for conventional loans is 45% DTI.Minimum down payment for owner occupied primary residential properties is 3% for first time home buyers and 5% for home buyers.Second home financing require a 10% down payment minimum.Investment home financing require 15% for single family home investment financing and 20% to 30% down payment for multi unit properties.Reserves are required on investment property financing.4 Year Waiting Period to qualify for a conventional loan after a Chapter 7 Bankruptcy discharged date.2 Year Waiting Period to qualify for conventional loan after Chapter 13 Bankruptcy discharged date.4 Year Waiting Period after short sale to qualify for a conventional loan.4 Year Waiting Period after deed in lieu of foreclosure to qualify for conventional loan.7 Year Waiting Period after foreclosure to qualify for a conventional loan.If you have a mortgage part of bankruptcy , the waiting period is four years from the discharged date of the Chapter 7 Bankruptcy and the foreclosure can be recorded at a later date after the Chapter 7 Bankruptcy discharged date.Here are the 2017 Fannie Mae 5-10 Financed Properties Guidelines:A real estate investors cannot own no more than 10 Financed Properties between one to four residential units which includes their primary home, second home, and investment homes.On a property purchase, a 25% down payment on the property purchase will be required for 1-unit property and 30% down payment will be required for 2-4 unitsCash-out refinances are not allowed past 5 properties.

The market expects rates to come back down fairly quickly (no more than a year or two) so that is generally being reflected in ARM vs. 30-year fixed pricing, your just not getting much benefit in rate to take on the ARM risk

So no more loud annoying people at all hours of the night!

If this is your first purchase and you are limited on cash, I recommend you spend no more than $5k on your cosmetic upgrades.

There is no more MLS deals in my neck of the woods, but it is still so important. 

Pro no more company coming in/out each time a tenant moves although turnover right now is low, con having to deal with making sure tenants are paying their bill.  

The life expectancy is probably no more than 20 years, which means there are three years of remaining life.

So, what I am planning on doing is very similar to what Ben is doing: Class C, no more than 200 doors....my own "mom and pop" operation to begin with.I have the capital lined up, but I need to go through all the steps of estimating my income based upon a certain level of occupancy and estimating my expenses. 

Also, they selected no more than two cities per state to feature in its full list available at realtor.com®.)The following markets topped its list for home flipping meccas:1.