Already situation out to buy a second home, you possibly have reservations that are stopping you from making a fast decision, such as whether it's too extravagant.

To the best of my knowledge- conventional loans have decently strict federal guidelines as to what's required for down payments and occupancy. 

In the meantime, until I find a good sfh or duplex, I am wholesaling to build up some reserves and also build my network with other investors in the area.

Do they have a Reserve study showing the proposed timeline of major capX repairs and the money required for it (and how much money they actually have for those repairs.)

I did find out there is an IRS Federal Tax Lien "on all property and rights belonging to the taxpayer."

Hi Everyone,I’m in process of doing a cash out refinancing on my primary (2 Family) home in order to purchase a (4 Family) investment property.The loans are under Fannie Mae and I believe the lender is using manual underwriting.When I look on the Fannie Mae matrix it’s saying 6 month reserves for refi and purchase.My question is do I need 6 month reserves for each loan?

The hidden one can still serve out the existing reservations.

) - Gross Monthly Operating Income 1,151.50 Monthly Operating Expenses Property Management Fees 105.00 Repairs and Maintenance 10.00 Real Estate Taxes 126.00 Rental Property Insurance 49.78 Homeowners/Property Association Fees Replacement Reserve Utilities Pest Control Accounting and Legal Monthly Operating Expenses 290.78 Net Operating Income (NOI) Total Annual Operating Income 13,818.00 Total Annual Operating Expense 3,489.36 Annual Net Operating Income 10,328.64 Capitalization Rate and Valuation Desired Capitalization Rate 8.00% Property Valuation (Offer Price) 129,108.00 Actual Purchase Price 119,900.00 Actual Capitalization Rate 8.61% Loan Information Down Payment 35,000.00 Loan Amount 84,900.00 Acquisition Costs and Loan Fees 1,500.00 Length of Mortgage (years) 30 Annual Interest Rate 5.250% Initial Investment 36,500.00 Monthly Mortgage Payment (PI) 468.82 Annual Interest 4,428.72 Annual Principal 1,197.13 Total Annual Debt Service 5,625.85 Cash Flow and ROI Total Monthly Cash Flow (before taxes) 391.90 Total Annual Cash Flow (before taxes) 4,702.79 Cash on Cash Return (ROI) 12.88%

Also make sure you're setting aside reserves for insurance and property taxes.

On my primary I got it through Third Federal bank that offered Prime rate -1% for the life of the loan.