I am currently in the process of buying a second property , thanks to the advice of several members who responded to my question reference , "how to get financing with no money down" .

We just put the total amount on our OTP, and don't refer to a rent credit.

If there's a pattern of regular payment like in a 12-month period, that's good.

obnoxious" was referring to the fact that my question back to you may have sounded obnoxious, though that wasn't the intent.Please reread my response:"As for sending an offer to Freddie Mac, where exactly do you plan to send it?

I was referred here from another site.

I talked with several bankers to determine what would work best for my scenario.How did they estimate covering your motgage with your regular income?

A regular sale or even a REO could be renegotiated for a significant change like that.

I don't know what would be a good reason, but there are some that exist.It is an excellent program for those that qualify and have the cash to pay the prepaid items that Lynn was refering to.

Also, since these properties will most likely be condos (making sure that the HOA covers the roof and exterior maintenance), do we need to get some sort of insurance outside of regular 'condominium insurance'?

You need to assess your exposures on a regular basis.....good luck.