I am organized, but putting together the following in electronic format for 7 properties to get a Fannie Mae backed loan is just out of control: proof of being current on property taxes, property insurance, mortgage statements, and leases for 7 properties.

The bank I got the loan from told me that it was a universal rule for lending institutions from Fannie Mae Freddie Mac.

Keep in mind that you can finance a vacation rental through Fannie Mae as a second home (SFR's only) with as little as 10% down.

Inform your tenants that you will be hiring Molly Maids, any local house cleaning company, to come in now and again next month to clean the entire house.

@Thomas Hickey, my info above is for Fannie Mae/Freddie Mac loans.

VA and FHA are both government financed (Ginnie Mae) so they have similar guidelines.

The multi family commercial loans are currently cheaper that the fannie mae standard loans by a point+.  

Leased solar systems are explicitly not able to be appraised by Fannie Mae but owned/financed systems explicitly are able to be appraised for full value by Fannie Mae.Outside of that, there are subjective factors that could raise/lower the appraised home value, but the incentives in MA makes solar highly attractive.

I used to use conventional lending (Fannie Mae/Freddie Mac), but I have been buying my properties in my LLC name lately.

This is from a California standard Fannie Mae / Freddie Mac Deed of Trust:6.