Check out the winter 2018 Fannie Mae report on multi-units in Denver (i.e.: apartment rentals).

Fannie Mae and Freddie Mac are designed to help people buy homes to live in, not to help finance businesses.

The size of the complex matters because the complex needs to be warrantable to get Fannie Mae/Freddie Mac financing and if there is one owner that owns more than 20% of the complex, it becomes non warrantable and limits your available lenders. 

12-year Fannie Mae debt, fixed rate with a 30 year amortization How did you add value to the deal?

Fannie Mae also has a renovation loan as well (minimum 5% down if your primary home) but the concepts that were spoke on here were right on. 

I had luck because the property I purchased was a distressed fannie mae property listed in HomePath app.

It was a Fannie Mae product.

But having several partners could also cause some challenges too.In the investing world there are 2 main types of loans:  "Conventional, Conforming" and "Portfolio" loans.Conventional, Conforming - these loans are governed by Fannie Mae and Freddie Mac. 

Most of the lenders I've talked to have additional restrictions on top of the Fannie Mae requirements.

Conventional, Conforming - these loans are governed by Fannie Mae and Freddie Mac.