Look for fannie mae foreclosures or property that you can rehab in order to maximize your buying power and get the most cash flow. 

Freddie Mac and Fannie Mae loan products.

It was a Fannie Mae loan, and since I closed on it in October, lending parameters have changed so much that no bank will allow me to conventionally purchase an investment property.

Sometimes they have extra fees for loan amounts, but thgese are well worth it to lock in the long-term low-rate financing.I'd recommend that you google the Fannie Mae selling guide and read these sections, to get familiar with how it works for income properties, and the implications when you have more than four finaced properties.B2-2-03B3-3.2-07B3-3.4-03B3-4.1-01B3-6-02B3-6-06

oh yeah  "Effective October 7, 2014, Fannie Mae is retiring the HomePath Mortgage (HPM) and HomePath Renovation Mortgage (HPRM) products"that sucks. 

Fannie Mae will finance up to 10 properties to the same owner.

Theres more and more the list goes on but its a good intro.For contventional financing its typically 25% down for owner occupant or non owner occupant but there are programs for as low as 5% down on conventional financing for owner occupants called my community mortgage through fannie mae.

To this end, I want to take advantage of an FHA, Fannie Mae or Freddie Mac low down payment loan to get started with rental properties in the 2-4 unit range. 

You can also use Homepath.com, which is the Fannie Mae equivalent of Home Search.

And the final nail in the coffin is that even after you do all that extra work and get to the closing table, the homeowner/investor is going think you ripped them off on the rate/fees when really that truly is the best you could do, given the lack of Fannie Mae subsidy.