I'm interested in a foreclosed four family apartment building owned by Fannie Mae.

If you browse the forums, I'm sure you'll notice that we have a culture here of being honest & straight forward when it comes to the business.

I just did not want to give someone notice and then also have another vacate as rents go up.

I'm referring to FHA, Fannie / Freddie guidelines.

There is no easy way to know if a bank uses Fannie Mae guidelines and sells loans into the GSE's without asking.

I don't think you'll be able to do this with a conventional mortgage, as cash-out refi's aren't typically permitted for the fifth+ financed property, per Fannie Mae guidelines, unless you've owned the property for 6 mths or less.

Utilities that can lien in our state are required to send a notice to LL when a tenant does not pay on time.

Mine requires that they: give the landlord all copies of keys and opening devices (i.e. garage door remotes); completely vacate the premises and surrender property to landlord; clean and deliver premises to landlord; remove all debris; give written notice to landlord of tenant's forwarding address; etc.

How many people and how much notice?

Fannie & Freddie limit is 10 per person.