OO= Owner occupied (i.e. primary residence)NOO = Non owner occupied.Couple of notes:1) I heard it from a little birdie at my loan broker's that the fannie mae limit is going up from 10 to 12 soon so we may be able to go to 12 in a little bit.2) Once you get over 4, you're going to need to really do some digging to find lenders that can do the 5-10 loans (i.e. loans for properties 5 thru 10).

Hold a note (lease option, lease purchase, seller financing, etc)4.

This sounds almost like a note rehab without notes exchanging hands - is this right?

I'm a newbie on this site.I'm so glad I found a forum on this level of wealth of knowledge in real estate investing.I orginally started as a Real Estate Investor playing in the area of Wholesale, Note-Buying, Hold and Flip, who later started originating loans.

A lot of others doing flips, wholesaling, notes, everything..

A lot of others doing flips, wholesaling, notes, everything..

Then I mentally walk the broker through the main parts of the house and I take notes.

Then there is the Financial Bridge Investment group (FBI) the Note Securities Academy (NSA) the Home Loan Servicers association, or the (HLS) then there is Dividends on Debt Managed Instruments (DoD MI).Anyway, let me know when these wealth operators get out of school.Sounds like you're starting off, read the forums, begin in RE with the basics, not guru stuff, try a real school and stay away from boot camps, IMO Good luck :)

Assuming Athens Georgia market cap rates (because that's all I know)Note: You can plug in your local market or specific area's cap rates to get your magic rent number.

Note the attic has permanent stairs and is unfinished.