The type of Fraud are identified in the FNMA Selling Guide(1), page 134, which include:...misrepresentation of occupancyOn page 1167, Verification of Owner-Occupancy, does indeed spell out post-closing review guidelines.As a practical matter, Fannie Mae form 3034 (Uniform deed of Trust) requires the occupancy of the property as borrowers principal residence for "at least one year after date of occupancy."

That way I am assured my tenants will like and have the resources for nice rugs to warm it up.

There is a ton of flipping resources there.

As far as the financing, you will need to get acquainted with multi-family underwriting procedures since a 5 unit will not meet the 'typical' 1-4 family underwriting guide.

Check out the tab up top labeled "Learn" and make sure to go through the Beginner's guide.

I would also recommend the Section 8 bible and the book, How to buy and rent foreclosures, all four resources (Al, Lisa, and the books) should equip one to handle these type of properties.Great job and goodluck, this inspires me to find the same deal.Question, how did you find a portfolio like that, that had seller financing?

It is a great resource and full of info.

Be sure to check out the Beginner's Guide, Blog Posts, and Podcasts.

Be sure to check out the many resources here.

Definitely check out the many resources offered on here.