I wonder if that's an attempt to premptively thwart a future loan mod.

Their rule is to advert the use of FHA to acquire more investment properties masquerading as temporary primary residences.Also the way FHA counts financed properties is not the same as FNMA any 1-4 residential properties you own in that same geographic area would count against that 7 whether it was in a commercial non personal guarantee loan or not because their definition is geared towards thwart people who want to use FHA to acquire a rental portfolio.But back to FNMA, the limit is 10.Last question, less loans or one loan for multiple properties, any benefit?

Electrical code doesn't allow you to change breakers willy-nilly to thwart a tenant's use of the electrical system.  

Multiple attempts to thwart the sale and overall dishonesty from the three of them.  

Also recognize there are CPAs that are better than others and can help you come up with a plan based on your personal circumstances.  401k's and defined benefit plans are great vehicles to thwart some of the taxes.

If it were me, I buy with seller financings in order to work out the title and terms details.In the meantime, you can seek to control the opportunity with an asignment and a way to cloud title that thwarts would-be competitors from snaking your deal.

Im in a bit of a whirlwind as my initial plan was thwarted. 

The reason is to thwart illegal conversions.

If they can do this today then they will be able to thwart any federal influence that those monies would bring just as those companies that were bailed out with the feds monies did not have to accept it and the control that the feds got over thier business at the same time.It is a simple concept, but not always simple in its application today.

I think this pre-qualification requirement is nothing more than yet another roadblock intended to thwart wholesaling.