Curious if anything the new Changes made to Fannie Mae loans to Multifamily properties will affect your next Acquisition. looks easier to qualify now after January. on the plus side before the pandemic, we had a job shortage so potentially a new source for labor.

Quote from @Mollie Rigby: I found a deal on Tuesday and they are planning on closing Friday.

Yep, I'm aware about the Fannie Mae change last November!

With Home Possible , Freddie Mac, yesWith Fannie Mae, no.  

We offered right away, slightly above asking as it's a Fannie Mae and well below market value, and I know I can easily get the 1% rule or better renting out both units down the road.

Also Fannie Mae just introduced 5% down payments for owner-occupied 2-, 3-, and 4-unit homes.2) Home with attached or detached casitas These types of homes are popular in Southern California and you're able to live in the main room and rent out the casita. 

If they have a Fannie Mae loan you can also call Fannie Mae's Military Support Line at 877     -MIL-      4566 or if they have a VA loan the Georgia Regional Office is 1      888             768           2132.If they have a VA loan and are using another VA loan there is no waiting period after the short sale for them to be eligible to purchase.

Yes - You have two options in terms of primary home - FHA 203K or Fannie Mae renovation loan for primary homes "Home style program".FHA carries a life-long MIP (Mortgage insurance premium .55x loan amount/12) plus a 1.75% upfront MIP 1.75% x loan amount financed into the loan> FHA does allow higher DTI ratios front and back.Fannie Mae - PMI falls off at 80% LTV- PMI typically has a lower ratio versus FHA ,55% compared to .25-35% for an example with good credit (above 720) it drops for higher Fico scores (less risk).Both loans can be a painful experiece for the buyer if there are any issues with builder, work delays, inspection issues after work/draw phases, and overall turn time from application date to close.

Seller carry has no requirements on that, small-town bank is pretty open minded, but you will need a good narrative of prior real estate or business management experience on CMBS and Agency (Fannie Mae/Freddie Mac) options.

You have 2 or 3 choices here. 1) Quit claim the property to your personal name and then refinance using specifically a Fanny Mae loan.