I basically just save money from my job and the cash flow until I have enough to purchase another with a cushion and rinse and repeat.Question: After I get to 10 properties/loans, and I can no longer qualify for the standard Fannie Mae / Freddie Mac -- how can I finance additional single family homes?

That’s pretty standard out here.

The initial cashflow did not fit our usual standards, however we know that this house can and will earn us a good amount of cash flow ($400+) within the next three years.

I imagine I would need a standard 203k, as this place needs a full rehab.

All pretty standard stuff if you're not a slumlord. gosection8 has a good FAQ page here: https://www.gosection8.com/Main/faq.aspxS/F devil 

If it’s owner occupied the rules have gotten a lot more strict in past decade and states are also starting to crack down on licensing standards as well

At least when we are purchasing our standard SFH or duplex. 

There are 2 versions - Standard & Limited.If you can keep the rehab costs to under $30k and nothing structural will be done, you can probably do the Limited 203k. 

So Mark and Brent, are you saying the standard for a Loan Modification for a deferal or end of a forbearance would be to go to the prime rate? 

The engineer supplied a letter saying that it met the standards for repair (liability at that point was on him).