Here is the proof, it is Fannie Mae's guideline but Freddie Mac's guideline mirrors Fannies on this issue.

Reno, on the other hand in the heart of the West, offers a more consistent track record-just what you want for peace of mind in your investments.Key Points:1) Reno is holding its own with solid occupancy rates for multifamily properties.2) Across the West, occupancy is more consistent, and Reno fits right into this pattern.3) For a balanced approach to investment, Reno’s stability is worth considering.For those San Francisco, Sacramento, San Jose, Los Angeles investors looking at the big picture, Reno is a smart choice.Source: Freddie Mac Multifamily 

Quote from @Josh Mac: Thanks for the reply,how do you get the most accurate comps? 

What that means, if you aren’t familiar, is th at you can open the website on any mobile device and it will conform to the size of the screen so that you would be able to use it just like an app.

Your smart phone camera is not a good device to take stunning property pictures. 5.

Fannie Mae/Freddie Mac will do 75% LTV for SFH or multifamily of 1-4 units. 

Freddie Mac — the main industry source for mortgage rates — has been keeping records since for a very long time. 

I am curious if the fees I am being presented are in line with market norms:lender app fee: $10,000Origination fee 1% ($20,000)Lender costs: shows a fixed amount at $10,000processing fee $895registration fee $10,000Title and escrow fees: $4,000 est.6.5% rate fixed at 10 yearsPrepayment Penalty: Yield Maintenance months 1-114 (1% minimum)Third Party ReportsApppraisal Required Engineering Required Environmental N/A Seismic Report N/A Market Study N/A Funded EscrowsReal Estate Taxes Required Prop/Liability Insurance Required Special Assessments N/A Ground Lease N/A Replacement Reserves N/A Required Repairs TBD Debt Service Reserve N/AWould love to hear your thoughts on this as well as what you think is appropriate fees for the freddie mac sbl program. 

Smart property management systems leverage IoT (Internet of Things) devices for real-time monitoring and management of property conditions, from energy usage to security systems.

I’ve been consuming more podcasts as fast as I can about owning more then the predetermined amount from a fanny may or Freddy mac style loan.