@Scott Mac I agree with your thoughts in the sense of go out there and make things happen.

This is on fannie mae and freddie macs web page.

Freddie Mac weekly mortgage survey https://www.freddiemac.com/pmm...

I've bought two REO's, one from HSBC and another from Freddie Mac, and neither had such a clause, and each had their own contracts.

Hi Steve.Welcome to BP.If you are looking for on line places to research deals, you may want to try HomePath.com (Fannie Mae), HomeSteps.com (Freddie Mac) and HudHomes.com (HUD).

Second, property, and rental, usually requires 20-25%, with fannie mae/freddie mac, conventional qualifying.

Other lenders offer asset depletion, for those who have substantial net worth but still prefer to take a loan instead of paying cash.There are lenders that offer one or two variations on the regular Fannie Mae/Freddie Mac guidelines in exchange for higher rate and lower LTV.  

@Erick Garske,if you are within 6 months of purchase and own less than 10 residential properties you can utilize the delayed financing exception under Fannie Mae/Freddie Mac.

I was about the bring up the small-balance programs for Fannie Mae and Freddie Mac; looks like @Cody L. brought up one of them.

I laughed when I saw the amount of RTT that the bank had to pay for the QCD transfer from Freddie Mac to JP Morgan for the REO I just bought; the transaction value was declared at $1, but they paid about two times the transfer taxes that I ended up paying for my end of the purchase.