Remember, although FHA only allows one loan under your name at any given time, Fannie Mae allows 11. 

I’ve summarized below to keep this article short(er):Fannie Mae - + 2.4% (down from 2.8%)Freddie Mac - + 3.2% (no change)Goldman Sachs - +5.5% (up from 5%)All institutions are seeing prices higher in 2024, as one would predict.

@Jack LittleThere are standard templates from Fannie Mae but I would have an attorney draft these documentsThey can be held (the lender) through a deferred retirement account but make sure you are using a third party servicer to collect payments

However, you're referring to Fannie Mae's 5% down loan program for OWNER OCCUPIED 2-4 unit properties.

Fannie Mae does have a loophole (taken directly from the Fannie Mae Selling Guide:"In order for non-mortgage and mortgage debt to be excluded from the debt-to-income (DTI) ratio, the other party has to pay the complete monthly obligation every month for a minimum of 12 months (and the other party cannot be an interested party for non-mortgage debt).

I own 1 duplex in the hilltop, specifically off Sullivant/Hague in the "better" area of Hilltop (only about .5 miles away from Westgate).It is by far my highest flowing property.

Purchase price: $33,415 Sale price: $82,500 Fannie Mae House purchased with a construction loan to make imporvements and rented until sold in 2022.

For the multi-family, I was thinking of using a conventional loan since Fannie Mae now has that 5% down for multi-family units.

The REO is Fannie Mae, and they have paid to have the interior of the house remodeled before listing it.The current asking price is $280,000.

@Jacob Maes There are many syndications that allow non-accredited investors to participate.