@Sandi Hague & @David Robertson - Use our Alerts system to help keep you apprised of local posters and happenings.  

Additionally, the feds (fannie mae & freddie mac) will cut you off at 4 conventional mortgages - which doesn't sound like a problem for you yet either.If you have not used an FHA loan you can buy another small mutli-family, 1-4 units, and "house hack".  

Hello everyone! I'm new to investing and have been trying to find a buy and hold property for a long time (off and on). I found a house on homepath and put an offer for 54,900 and the ignored (listed 67k), we went up ...

And I can do this until I hit my 10 Fannie Mae mortgage limit and then give my private lenders back their money that helped me purchase multiple houses.

I looked at this about 9 months ago in Fannie Mae guidelines, lenders usually adopt prudent lending guidelines and policies.

Made an offer on a Fannie Mae last week that was listed for 29,9K.

@Ben Leyvovich 's CFFU course, @Jesse Gonzalez in CA's guidance on Fannie Mae, and @Bill Gulley 's post on Loan Binders were all great sources of information re: the Loan Binder.Jesse Gonzalez's info on Fannie Mae:  http://beta.biggerpockets.com/forums/49/topics/125...Bill Gulley's Post:http://www.biggerpockets.com/forums/311/topics/105012-what-to-include-in-binder-for-lender(If anyone has thoughts on the Loan Terms, too, I'd love to hear them.)Thanks BP!

Decide on your strategy.2) If your credit score needs to be improved in order to get Fannie Mae mortgages for buy & hold rentals, then perhaps direct more of your earnings there for a while, but in general you will have more options of you have some cash to work with for downpayments, rehabs, or just some breathing room.  

How about the new Fannie Mae 3% down loan?

The official Fannie Mae guidelines don't specify how long you need to stay, but if you were planning to stay for a year, you should be fine.