While it's possible the lender has an internal overlay that was just added, there is no rule that was placed in effect with Fannie Mae.If this is a new internal overlay with the lender, just switch lenders.

International Property Maintenance Code.

No matter how you want to look at it internally (e.g. paying back a savings account), be sure to take the interest deduction you are entitled to.  

@Seyed JavaheriCheck out the BP Blog Post "Introduction to Internal Rate of Return (IRR)"  at https://www.biggerpockets.com/renewsblog/2010/09/0... by J SCOTT.

@Stephanie Potter Thank you for the mention,@Mike Greenberg @Daniel Dietz @Daniel Levine As others have said, most likely what you are running into is banker incompetence and lender internal overlays.

Cities/Neighborhoods AvailablePrice Range by classPro Forma ROINeighborhood class rangeCap rateVacancy RateAverage Rental ratesManagement company (internal or external)Years turnkey in businessYears management in businessProperties under managementMonthly Management FeeOther Management feesTenant Screening processCan properties be independently appraised?

You need to find a loan officer or broker that actually knows what they're doing Sir. 2-4 unit for investment purposes is going to run you 25% down.Most banks have OVERLAYS which are internal guidelines that differ from Fannie and Freddie guidelines.

The old air force base was sold and now its an international airport and shopping center. 

Thought they were MFs only.I'd have a majority in the S&P 500 or total market index, sprinkled with some international. 

You can purchase the international code books for your particular needs on amazon which will give you a really good idea of what you need to do.