As a small city, it is great - top restaurants, sports, concert venues, conventions and great economy. 

Only conventional loans under government guidelines are required to allow borrowers mortgage extension.For any borrower who heard from from a servicer that they don’t have to pay and they will not be marked as late. — The borrower needs to understand other terminologies used by servicers reporting to credit bureaus, such as “Paid not as agreed” etc.

@Michelle Born In terms of escrow for potential property income being allowed from a Fannie Mae/Freddie Mac standpoint the answer is a hard no if you are using Conventional financing. 

I can tell you that of the 764 properties sold, 139 were cash, 145 were FHA, 72 VA, and 399 were conventional financing. 

The conventional approach is to try and sprinkle your lease renewals throughout the year.

***UPDATE*** We are closing on the home next week and went from pursuing a FHA mortgage @ 10% down using Gift of Equity to being 20% down and taking a conventional loan out and using the remaining Equity above and beyond the purchase price to pay for closing costs. 

By the time I purchase my rental property I will have 20% so should I go ahead and get the conventional loan so I don't have to worry about PMI? 

Section 1031 in the U.S.A. is considerably different and allows you to exchange (upgrade) assets.I would also disagree that having four residential mortgages in your own name precludes you from seeking additional ones from conventional lenders.  

The contingency for owners of multi-family properties is that they cannot proceed with evictions against tenants who are directly impacted by covid-19 during the forbearance period.I have a few other properties (2 & 3 unit properties) that have conventional financing and insured by Fannie Mae, I am prepared to withhold April's mortgage payment on these properties until the rent payments for the month shake out and I see what the NET collection number is.

I used to have a credit score in the 760s but I bought a distressed property and used credit cards to rehab it, causing my credit score to drop to around the 600-620s, but my plan was to do a cash out refi on 5/1/2020 (that'll be 6 months since I bought the property via hard money) so I can pay off the debts.Is there anyone who can lend 30 year fixed conventional investment loan with lower credit?