However, based on my understanding, you can Recast as many times as you want if the loan was sourced from Fannie Mae or Freddie Mac.

As long as they are not less stringent than the Fannie Mae/Freddie Mac guidelines they are free to apply overlays as they please.

So if you move out and purchase a home with a "conventional" loan (those are the loans governed by Fannie Mae and Freddie Mac) then there's no real problems at all. 

Apart from that There are still the conventional Fannie Mae and Freddie Mac investor rehab loans requiring the individual to be on the loan, not any LLC and a personal credit report, tax returns, etc.

Quote from @Scott Mac: Quote from @Scott Trench: We removed "local forums" and replaced them with the ability to tag a location - however, we need to add Canada back!

@Mac Chailert Congrats on taking your first steps in real estate investing!

Quote from @Scott Mac: Instead of focusing on what you want to learn, and hoping you will be a puzzle piece fit for learning that from someone else- chosen at random.

Someone from his office just called me and said that they were doing a big push at getting more seasoned investors out there, because Fannie Mae and Freddie Mac would be releasing a lot of homes on the market and that could be hurtful, so they wanted to help fund investors, to get these houses bought up fast.

I started buying and selling an electronic device.

The Conventional Rules For a Cash Out LoanFannie Mae and Freddie Mac are the Government Agencies that sponsor conventional lending.