@Matt Hoyt Experts can weigh in here, but I believe according to Fannie Mae guideline, one is not eligible for cash out refinance if he or she has more than four financed properties (unless refinancing is done within 6 months of purchase date).

This deal has more hair on it than just QCD:original owners were foreclosed upon by Fanny Mae;then the property was transferred or sold by Fanny to this bank;the bank has been sitting on it for 4 years and finally decides to sell, butin addition to QCD they want cash only (not even hard money);10% earnest money deposit - I have no problem with it if I can get it back in case the deal does not work out - but they allow forno option period and no contingencies of any kind!

Secondary units have some unique advantages in Berkeley and Oakland due to recent changes to regulations.Aaaaaaaaaand Fannie Mae is allowing rental income from in-law units to be used as qualifying income as of very recently.

I found a great deal on a Fannie Mae property.

Specifically Fannie Mae?

Most of it is private through Sallie Mae and Wells Fargo, so not much hope in the way of loan forgiveness or a settlement unless we go into deferment, which we won't do. 

Of course its never talked about and people do them all the time but if they are caught holly molly they will get in trouble.

So I'm wondering if anyone else has had issues with their bank not knowing the Fannie Mae rules on seller paid closing costs?

Fannie Mae 30 year fixed.Crazy impressive female millenial, went from 0 props to 5 in about 18 months.

Here's a solution that someone recommends: FHA isn't going to happen, but if they can swing Fannie Mae 3% or 5% down you can "wholetail" it to them.