If you're set on a Homepath property/loan, move fast -- the program will be discontinued as of Oct 6.http://www.mortgageloan.com/fannie-mae-ending-homepath-mortgages-9752It does look like they may be phasing in some good financing for 5-10 multis, which could be interesting.

I have now created a small letter that I attach to the lease and will have my tenant sign along with the lease so that upon they giving notice i can remind them of the "instruction letter".  

That includes Fannie and Freddie, FHA, VA, USDA and HUD programs, the same will also apply to insured banks and credit unions on loans that are held in portfolio. 

I was going to suggest looking for a Fannie Mae Homepath property which had options for lower downpayments, but it appears that they are retiring that program.

I use Buildium, and I've been pretty happy with the program.  

I've seen other investor programs that teach people how to find and develop these teams in other cities. 

Certain lending institutions offer programs that can increase that incentive as well.  

I think i can use the Philadox program on phila.gov  has anyone out there used this tool and do they have any tips on using it. thanks guys 

We are a HomePath  approved  lender  in the Seattle area and  are well versed  in the program as well as others …thanks Dave Skow Eagle Home Mortgage 206 714 9745 [email protected]

Certainly there is a lot to learn about this business but it can be accomplished much more cost effectively than a major capital investment in such a program.