Arizona BP! First time investor. Looking at short term rentals.

[Christian Blumel]

Hey guys. I’m new here I have a question regarding your experience with loans for purchasing a short term rental property in Scottsdale Arizona. I currently live in CA and have a business here. My question is do most lenders require 25% to 30% down on an any “investment” property out of state? This is what I’ve been told from the lending team for Merrill Lynch at Bank of America. Im liquid but are there any loopholes to decrease the initial downpayment? Any advice and guidance is appreciated. Thank you for your time.