@Gigi Douglas, as a general rule the courts will not allow heirs to perfect (complete) a claim of adversely possession. 

A central location would be perfect.

Makes perfect sense.

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A real estate club would be perfect.

Recently painted and new carpet in bedrooms make this the perfect investment property or starter home.

i agree, when in doubt. don't do it. when i see its too tight, i stay away, because in this business everything will not go perfect. thanks 

These loans are NOT sold off as MBS, but are instead held on the balance sheet of the originating bank.I am not a banker, so my explanation may not be picture perfect, but that is a rough idea of how that world operates.As @Chris Martin mentions, the GSE underwriting looks at ALL mortgages you are involved with of any significance, so you could potentially choose to do a couple more Fannie deals before going ahead with the portfolio route, but you can't do it the other way around.  

I haven't done everything perfect and have made mistakes but I would much rather learn from those lessons early and grow. 

This is done in institutional lending every day, It is perfectly legal and banks and private lenders do it thousands of times every month across the USA.