Guidelines from Fannie Mae:-Calculation of Reserves for Multiple Financed PropertiesIf the borrower owns other financed properties (determined in accordance with B2-2-03, Multiple Financed Properties for the Same Borrower), additional reserves must be calculated and documented for financed properties other than the subject property and the borrower’s principal residence.

About a week later the seller came to my RE agent and said they had multiple offers and to send highest and best.

I am involved with all aspects of the company.I have come to BP because I am looking to network with/learn from successful real estate investors.Real estate interests:Flipping Spec homesRentalsI also have my construction supervisors license.

I haven't explored condo conversions or anything like that as it involves a more sophisticated market understanding that I don't have yet.

That can sometimes happen multiple times.

Laying out an effective tax strategy involves a lot of work at this level, so just be prepared for this to not be quick and easy.I'd start by first having a meeting with your current adviser and ask them to explain their current advice.  

Ideally looking to buy multiple units in a single purchase (multi-family).  

Who should I speak with on contract usage, do I need a lawyer involved, can I put everything thats being asked for on one contract, and what websites would I use to get clear info on if anything is owed on this property??

A list the has names with multiple pain points will do better than one generated from just one criteria without any pain. 

Was there a financing contingency involved?