If you researched the property values, got input from BP, screen tenants well and have adequate reserves, what's to worry about!

@Page HuyetteHUD Owner Occupant mean primary residence, Not second home.

I am willing to expand into Atlanta and other areas for the right properties.Currently I am trying to build my reserves while I search for new opportunities.

I leverage all of my properties, but I make sure I have plenty of reserves.

>> If you sell the 4-plex to a Buyer who plans to live in one of the units, the sale may be treated as a principal residence transaction in your state.

The situation is my family member has a house that she no longer resides in.

Compressed natural gas is cheaper than propane but I have not seen fireplaces for CNG yet or individual tanks for CNG.As I said previously, I would not remove a masonry fireplace and chimney and would expect the costs to be thousands, its not an easy job and the repairs to reframe and drywall the inside and reside the outside are just too costly.I have removed swimming pools which I consider a hazard in rental properties but not fireplaces.

I don't see any funded reserves (replacement cost).

I'd say the banker is pulling your leg a bit, as the secondary market is practically a limited risk with quality originations, there aren't any specific program changes dictated by Dodd Frank but there are other things going on that make things tighter for lenders in compliance, underwriting, reserves and management.As to Fannie and Freddie, 95% LTV won't go away but underwriting may be tougher.

If you need to borrow the down payment that means you don't have any reserves in case something goes wrong.Joe Gore