if your selling to owner occs on contract then yes you need to comply  .. plus your RMLO will need to make sure credit DTI and other things are in line.if your thinking of the strategy to sell collect down payment wait a few years until they default then take it back and do it again.. then that's what dodd frank is for.. you know our govmit protecting the consumer..

we used to do a different conventional loan for each home early on. it was costly, time consuming and restrictive.  

First one I renovated myself (but was extremely time consuming...although fun). 

That targeted consumer will pay for the convenience of an hour shower/bath.

@Lee Schram  Hi Lee, two local credit unions I would check out are Community Trust Credit Union and Consumer's Credit Union.  

On the positive side, before this year is over I will hold over 20 units that are all cash flowing (modestly).

I would like modest returns in the first years followed by steadily increasing ones in the future.

Although I have limited experience and I'm still learning I like helping people but sifting through vague post titles can be time consuming. 

My needs are amply met, and if I truly want something, I get it, but I suppose that my wants are more modest than most.

I have a SFH currently and is generating a modest income stream monthly.