@Andrew Acuna and Account Closed,Yes - FHA loan programs are intended for owner-occupied real estate, not investment property.

He was on a rural housing program, so all of the forms and processes will be different now.

Fannie Is starting a pilot program with invitation homes and if they open to masses, Single Family portfolio values will jump.

A lot of people talk about different programs on here but it is usually because they cannot get past an obstacle to conventional lending (don't have enough down payment, property is in disrepair, do not have income to qualify, etc).

The good news is, there are a bunch of guru programs out there that most likely cost your yearly salary and they specialize in teaching all these lazy people the steps to closing a deal from beginning to start.

Try Bob Proctor's 13 month program.  

Account Closed - never heard of these guys, but the technique is "old as dirt".Many  gurus offer some type of "financing" or "partnering" program.  

We have many multi-generational families in our SEC 8 program.  

@Sergio Deleon:  one of the Lenders my condo buyers have successfully closed many condo transaction with finances non-warrantable condos and does require a condo questionnaire, but on non-warrantable condo program it is almost a mere formality since thry really don't care what the questionnaire says for the most part.  

While smart on FHA's part, made it a lot more difficult for buyers/borrowers using FHA's program to purchase in higher cost markets since the rent to price ratio typically needs to be at .90% or higher (approx) to make this SS rule fly.Freddie Mac Home possible is another program that is promising to lift this requirement and still offer a very competitive low down payment of 5% for 2-4 unit properties.There are a few stipulations and an income restriction for the borrower to qualify, but in most metro  areas  there are no income limits in a predominant area of the city.