@Josh Carr The three year redemption period (18 months if blighted) comes into play when purchasing a Tax Lien or Tax Sale Certificate on a property.I have successfully redeemed a Fannie Mae property that I received a Tax Sale Certificate for taxes paid in 2011.

Do a search for Fannie Mae renovation loan.

Utility benchmarking also has a variety of additional benefits, including helping owners discover billing errors, locating broken equipment, and qualify for green financing programs, such as Fannie Mae Green Financing and Freddie Mac Green Advantage.

Similar to @Bryan Otteson, I helped my nephew out who bought a home using a Fannie Mae and was asked to sign a letter stating the funds were a gift and not a loan.

Its important to note (here's where we integrate conventional lending into the mix) the first loan and second note has to be funded on the same day otherwise when you go to do a rate/term refinance on your BRRR it will be considered a "cash out," instead of a regular refinance since Fannie Mae's rules considers debt that was not taken out as purchase money (debt taken out the same day as the purchase) as non purchase money debt so payoff of non purchase money is considered a "cash out." 

The best financing is the fannie mae standard loans that look at debt to income.

But, to me, engaging in this transfer is an unnecessary risk when you can (at least in my state of New York) obtain commercial financing (where the loan would be in the name of the LLC) on only slightly worse terms than the Fannie Mae/Freddie Mac loan (which has to be in your personal name). 

If the homeowner has assets, its more likely the bank will try to get a judgment.Under Fannie Mae rules, you can't get another FM loan five years after a foreclosure or two years after a short sale.

Right now risk premium is super high.For example with Sallie Mae, JCF on the rocks, student loans are yielding very high rates if you can get one at all.As for banks paying us, troubled "banks" such as GMAC are offering 4.5-5% CDs.

Wouldn't by any chance be Fannie Mae would it?