Funny thing about the listing was that Freddie Mac had come in and done quite a bit of cosmetic rehab to the home but did not bother to update the listing pictures.

I recommend setting up your mobile device to auto download all of the bigger pocket podcasts so you can enjoy BP anywhere.

The following is what I found from Fannie Mac, which makes a clear distinction between short sale and pre-foreclosure.

Hi- I am an inexperienced investor and am closing on a Freddie Mac owned foreclosure this week.

I did recently update my MAC maybe that was the problem. 

Hi Brandon, for my flooring needs, I normally use this company called Mac flooring.

Im wondering if getting a primary residence first would make more sense since I currently have no debt and from my understanding investment properties financing typically take into account the income of the asset versus my personal income to qualify me for the loan versus fannie mae and freddic mac( conventional loans) which would consider the debt of the investment property (DTI) in considering the whole picture?

Quote from @Scott Mac: You almost double their rent with no warning and you call them evil.It's unlikely the working poor will have that kind of of extra money left over at the end of the month.Most live paycheck to paycheck and some use free legal attorneys while you have to pay.Good Luck! 

The Fannie Mae Homestyle and the Freddie Mac CHOICERenovation loans are the conventional rehab loans and allow non-owner occupied borrowers (aka investors). 

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