It's a Fannie Mae REO program through www.homepath.com.

More information on getting (or not) a traditional mortgage in the name of an LLC: Closing in the name of an LLC is not allowed by Fannie Mae or Freddie Mac for conventional mortgages.

You can also use Fannie Mae's Delayed Financing Rule to pay cash for the purchase/rehab of the new properties, then immediately do cash-out refinance after rehab, into 30yr fixed, based on the new ARV.If you're a new landlord, you will need to be able to carry the PITI of all these properties in your debt ratio until you have 2 years of experience.

So I decided to start making offers on REO's, HUD's and Fannie Mae properties..of course almost every property I choose to make an offer on it is gone by the time I call to make my offer.

Thanks Angela, this was a conventional fannie mae loan that you can get from most any bank or credit.

Fannie Mae has pretty strict requirements about market exposure as it relates to market value. 

Below are Fannie Mae's guidelines on the topic. 

Conventional loans come from Fannie Mae and Freddie Mac.  

I've read that Fannie Mae has lifted their 4 loan limit and now allow up to 10 investor loans. 

As far as financing - Fannie Mae accepts foreign income as long as you have the fight documentation.