This is due to Fannie Mae and Freddie Mac guidelines.

Currently all FANNIE MAE / FREDDIE MAC guaranteed loans only allow 10 mortgages for any individual.

Fannie Mae just announced that starting on November 18th, they are rolling out a program for 5% down on 2,3, and 4 unit properties.

From the Fannie Mae servicing guide regarding transferring to an LLC allowable exemption:https://www.fanniemae.com/content/guide/servicing/...

However, you’ll have to wait six months if you want a cash-out refinance or a Streamline Refinance.Conventional refinance (no cash out): No waiting periodCash-out refinance: 6-month waiting periodFHA or VA Streamline Refinance: 210-day waiting periodUSDA refinance: 6-12 month waiting periodHere’s a closer look at the rules for each type of refinance loan.Conventional loan refinance rulesIf you have a conventional mortgage — one backed by Fannie Mae or Freddie Mac — you might be able to refinance immediately after closing your home purchase or a previous refi.Keep in mind many lenders have a six-month “seasoning period” before a current borrower can refinance with the same company.

You can look at the MLS or property website and it should list all of these descriptions above and if not you or the Banker, Lo or Realtor can call.FHA offers 3.5% down, VA offer 100% Financing if you are a Military Veteran, and Fannia Mae offers 3-5% down for first time home owners.

So the 1st loan you would want to look at is a Fannie Mae or Freddie Mac. type loan.

I was going to buy more but got Fannie Mae maxed.

We are a brokerage specializing in investments as well as REO/Fannie Mae brokers repping bank owned properties.If you'd like to grab a cup of coffee and meet some of our team let me know.  

I'm planning on financing it through a FHA or potentially a 5% down Fannie Mae loan.