-Employment security issues are related to a foreclosure, not a short sale, and Not the same thing.

A free pass to sell real estate backed securities.

However there is no limit when getting a mortgage for a primary residenceStraight from the Fannie Mae selling guide:Limits on the Number of Financed PropertiesIf the mortgage being delivered to Fannie Mae is secured by the borrower’s principal residence, there are no limitations on the number of properties that the borrower can currently be financing.

It seems like the bank has asked for way too much security for the investment.

If you are covering the rehab out of pocket prior to financing perhaps supplying material yourself rather than eating the contractor markup on it might be worth looking into.

They are internet based so if you work with them, you have to be prepared to be technology-savvy enough to scan documents and upload them to their secure portal.

Also, you will have really high utility bills, because your guests will leave the heat at 75 degrees with the window open.You will also have to either get a management company or deal with marketing, reservations, contracts, receiving payments from guests, security deposits, housekeepers, maintenance, keys, etc yourself.

Here up north, where it's a bit colder, the law requires landlords to heat to 68 degrees F if landlord supplies heat.

Any added expense from her blocking you will be deducted from their security deposit.

If the unoccupied units are very cold and there's a way to get power into them, it can be helpful to run a heat lamp on the main supply line where it comes into the unit.When you wrap the pipes, check the R-value of the product you're using and make sure you're using the one that provides the most protection.