Yes, we have a no seasoning period product. 

I know folks who bought strip malls and multi-tenant retail in 90s for 5-10 cents on the dollar at auction from Resolution Trust Corp after Savings and Loan crises in Texas, We are now going through similar deleveraging event after super frothy period in Multi-Family due to 0% fed funds x 20 yrs and many properties bought at 3-3.5 cap rates, especially in austin/dallas/H-town. 

And we known there are many more Govt costs such as environmental studies and the like that increase both the cost and the timeline (Which in turn increases the cost even more...)City Heights is Gentrifying, has been for a while, I made good money there in the Mid 2000's, and it's no longer affordable for most lower income folks, period.

On this deal, I was representing a moderately experienced buyer whom I have worked with twice previously in a purchase of a relatively new small multi-family building.This is my review of a transaction that did not make it to close, which highlights the process of going through an inspection period with an experienced investor-friendly agent and how that process worked correctly for the buyer.  

I look forward to meeting fellow investors, growing together, and sharing the stories, trials, and lessons along the way.  

The same holds true for investment properties as they do any loan, with regard to when you closing and not having to making a payment for a specific period of time.

On our value add side the goal is to try and double the initial investment within a 3 year hold period.

Also, does this Fannie Mae 5% down require the owner to live in the house for a certain period of time like the FHA?

@Mica Mooreit will be a learning curve, but trial by fire is often the best way to learn.Read your PM contract about termination and follow to the letter.

Can you legitimately purchase multiple properties with this kind of funding during a short period of time?