(Keep in mind there are Fannie Mae maximums on the number of personal loans you can have - which is 10 per person.

Then in a year move out and buy another home with the equity you have built up in the home.Great thing about buying a 2-4 unit as a Primary is you only need 3.5% to 5% down which ever on you choose either FHA or Fannie Mae.

(Had trouble convincing Fannie Mae I really intended to live in this house since I owned a bigger one three blocks away.)

To convert STR to LTR, evaluate rental comps, hire a property management company, explore multifamily properties in strong markets, and use a 5% Fannie Mae loan to buy a multifamily property.Good luck!

If someone wants to purchase a 3 or 4 unit they can use the Fannie Mae conventional 5% down product that came out a little under 2 years ago.

Most of my properties were either bought from HUD or Fannie Mae, but HUD does at least a cursory inspection. 

That exceeds the 5 percent max allowed by Fannie Mae, at least in Colorado.

We need an experienced deal sponsor to meet Fannie Mae requirements as well as net worth and liquidity requirements. 

For an owner-occupied property with 5% down, consider a conventional loan with a renovation option like Fannie Mae  or Freddie Mac.

We purchased the home with FHA loan at 2.75 %Our rate is excellent but we are looking to purchase our next MF and need some advice on how to get into it.I know Fannie Mae has a 5% down MF loan program as long as we move into it.