✓Requirements for a Delayed Financing ExceptionThe original purchase transaction was an arms-length transaction.For this refinance transaction, the borrower(s) must meet Fannie Mae’s borrower eligibility requirements as described in B2-2-01, General Borrower Eligibility RequirementsThe borrower(s) may have initially purchased the property as one of the following:a natural person;an eligible inter vivos revocable trust, when the borrower is both the individual establishing the trust and the beneficiary of the trust;an eligible land trust when the borrower is the beneficiary of the land trust; oran LLC or partnership in which the borrower(s) have an individual or joint ownership of 100%.The original purchase transaction is documented by a settlement statement, which confirms that no mortgage financing was used to obtain the subject property.

The current manager of my complex has been keeping the rent the same but tacked on a surcharge to cover water  (water is not metered to individual apartments) and property taxes.

Also, it's hard for banks to sell to individuals off market because it shows favoritism (it is favoritism) so to reduce liability/impartiality and increase transparency banks almost always go through a 3rd party broker. 

even if they did, likley no harm at least as I see it.Take the booking and get a great review, pocket the cash and move on. 

@Marc Dube, definitely want a HELOC to buy/hold for 6 months, then refi into conventional loan...rinse, repeat until I get to 10 properties, then will have to look at other options since Fannie/Freddie won't allow more than 10 in an individual's name.

They also made individual owners responsible for upgrading the stucco within the boundaries of their unit rather than making a special assessment to do the whole building. 

You can also add on individual services and have the company assign you a specific agent to take buyer calls and negotiate for you for an additional fee.

The second example is the same essentially, but by the individual being licensed, even if not acting as a fiduciary, appears to be a net listing, which is illegal in most states.If you want to wholesale, dont get licensed.

Your greatest tools when thinking about the location within a city are individuals operating on a daily basis within that market, such as Property Managers and Brokers. 

The vacancy of 5% is as bit low for my liking, but that's truly up to the individual.