From the Fannie Mae Selling Guide, page 170; "Investor and second home borrowers with five to ten financed properties are ineligible for cash-out refinance transactions...."

I've been emailing the seller's agent, who has been somewhat candid with me, although she's stopped short of saying that he's in over his head.

Borrower to Washington Mutual2.

You can do it separately for each spouse, so 10 each conventional, as long as you're not co-borrowers.

He stopped responding and finally a week later he texted me and started the 2nd coat.

Or defaulting borrowers.

Private companies negotiating loan modifications have statutory restrictions that limit how and when they can be paid, plus disclosures that need to be provided to the homeowners / borrowers.

Trade it to a retail buyer who is down sizing, usually works better, you buy their house and borrow on it, pay yours off.

He's probably less knowledgeable than you are, so don't let it stop you.

I'm not in your area but that won't stop me from commenting, LOL.