@Chris Callaghan The best thing I look for is a track record and testimonials from people they have helped already...Not that testimonials can guarantee they can help you, but it gives you some confidence...Thank God for the internet, it is hard to pop up in business without telling people your story about how you got started doing what you do, and if you have no track record then you have some explaining to do, if you can really can do what you can do...the beauty of Financing and Funding is if you are really good at getting companies funded you don't have to advertise...You will have people lining up to send you clients to get funding for...In my experience their is no new funding out here, and most follow very similar guidelines in terms of what lenders are looking for...Bottom line I look for is track record...

My plan is to buy more, but I think I am having trouble knowing where the numbers should be (I know it is different for each investor, but general guidelines, i.e. you really shouldn't go below this number, etc)Thanks!

Or are you always just gambling that you won't end up with an uninhabitable property when they leave?

Start a property management company - don't know the first thing about managing properties but I feel like with the tougher lending guidelines, more investors buying homes again that rentals are the way to go. 

Do I need to follow some guidelines like not mentioning interest rate etc.?

The education system around that area isn't the best by any means, hopefully it will get better with time but I'm not going to try to make that gamble just yet.

Even though you might think that 7-8 people is too many for a one  or 1.5 bath unit, the federal guidelines don't require multiple baths (as far as I know).

@Dolly Richards curious as to how your accomplishing "lease to owns" here in TX and still abiding by all the strict guidelines on executory contracts which include the Dodd-Frank law and Safe Act. 

@Michael Evans it sounds like a good idea on paper, but I still think it's a gamble..

Yes, just simply find another bank...They can have concerns in giving you that second loan because from a compliance standpoint it can look shady if they were ever audited, or if you went into foreclosure...Usually banks aren't that paranoid if they know there is no shady business going on...Someone who is purposely looking to buy O/O just to get cheaper rate...There may be guidelines from the lender they sell the loans to that stipulate 12-months seasoning on any O/O loan before they do financing for another O/O home...But usually only applies to that bank or lender.With Banks so competitive to get more business, you will be hard pressed to find another lender that will turn down the opportunity for a new loan!