Investors come to our market because of the low barrier to entry and that we have a solid tenant base that provides solid cash flow to out-of-state investors like yourself.

Is this LTV based on ARV or the purchase price? 

Also as I understand it qualification for these loans are based on the property as opposed to the borrower.

In the end, buyers would overpay for the actual property based on earnings.

No disclosure on the sewage problems or any of the interior rehab required as all the BPO listed was a mere $3500 repair estimate for exterior cosmetic issues.An out of state buyer would have no idea that his $90k "bargain" needing minor repairs was actually a $10k property requiring major repairs that exceed the value of the property. 

@Dustin Sanders Unfortunately, I will be shocked if you find this.  20% down is hanging on by a thread based on where rates are at and the general anxiety over declining real estate values.  20% down is the minimum I'm seeing. 

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Based on the knowledge and experience you have, would you consider this strategy if you had to go back at my age?

I am based in Virginia and licensing requirements here seem manageable.

I contacted ALE solutions on Friday through their housing request form and just resubmitted with a longer term minimum based on what you stated here.