Yes, the LTV drops to 70%, 6 mths PITI in cash reserves on all properties, NO 30-day lates on any of your mortgage in last 12 mths allowed, and 2 years of documented landlording experience in order to count rental income.In my area, US Bank will go to six loans.I have found that there seem to be local banks in most markets that have a wholesale lender available (the average small bank might have 4-6 different wholesale lenders that they resell their loans to, and some of these wholesalers are better at certain types of loans than othes) that will in fact go 5-10 on conventional, but you have to make alot of calls to find them.

This makes it a good time to pick up some cheap properties to hold through the rough times of the next 4-5 years and then possibly look at reselling them.

You really should not be buying and then quickly reselling if you are working with the seller as their agent.

You're buying the contract and then re-selling it.

The loans are less easy to resell and are more likely kept on the bank's books.

Very good.With respect to lenders and mortgage brokers: Yes, they can all offer different terms and minimums based on 1) their company's underwriting standards, 2) whether or not they're going to hold the loan or re-sell it, etc. etc.

What sub2 is good for is buy, get on title, and either fix and resell, or resell. 

Also, you don't have to move them out to resell, but if they stay, you have to have an enforceable lease.

Now, with the new construction any owners of  rundown brownstones or MFs know what they have and are pricing their properties on the value of the land knowing that whomever buys it up is going to gut it and rent/resell it.

The ONLY way to legally operate is to either get licensed or close and then resell.