✓Requirements for a Delayed Financing ExceptionThe original purchase transaction was an arms-length transaction.For this refinance transaction, the borrower(s) must meet Fannie Mae’s borrower eligibility requirements as described in B2-2-01, General Borrower Eligibility RequirementsThe borrower(s) may have initially purchased the property as one of the following:a natural person;an eligible inter vivos revocable trust, when the borrower is both the individual establishing the trust and the beneficiary of the trust;an eligible land trust when the borrower is the beneficiary of the land trust; oran LLC or partnership in which the borrower(s) have an individual or joint ownership of 100%.The original purchase transaction is documented by a settlement statement, which confirms that no mortgage financing was used to obtain the subject property.

I just joined a new meetup in Denton (the old one stopped couple of months ago) so I can not give any comment on this one yet; I am planning to assist to the January meeting. 

The current manager of my complex has been keeping the rent the same but tacked on a surcharge to cover water  (water is not metered to individual apartments) and property taxes.

Good luck and let me know if I can be of assistance.  

Also, it's hard for banks to sell to individuals off market because it shows favoritism (it is favoritism) so to reduce liability/impartiality and increase transparency banks almost always go through a 3rd party broker. 

@Marc Dube, definitely want a HELOC to buy/hold for 6 months, then refi into conventional loan...rinse, repeat until I get to 10 properties, then will have to look at other options since Fannie/Freddie won't allow more than 10 in an individual's name.

They also made individual owners responsible for upgrading the stucco within the boundaries of their unit rather than making a special assessment to do the whole building. 

You can also add on individual services and have the company assign you a specific agent to take buyer calls and negotiate for you for an additional fee.

Third, you can even get down payment assistant programs potentially. 

Thank you ALL for your assistance.