@Erica Calella, a 6-month wait is very common in that region.

@Bobby Eastman  Are you working with local / regional banks? 

I live in California (North Bay region) and I own a SFH here and I am planning to invest out of state.

@Matthew DekkerIt's exciting to start investing in rental properties in the Philadelphia region, and even with a little initial investment, there are a number of tactics you may take into account.

I have heard on podcasts that regional banks and portfolio lenders/in house lenders(not selling loans to freddie/fanny) can sometimes offer 6 month seasoning period for cashout refi. 

Are there any specific regions or neighborhoods where you're experiencing favorable rent rates relative to property acquisition costs?

I would love to get some connections in that region too, before I really head to that way.

We identified 6-8 key metrics that we are evaluating (Population Growth, Landlord-Tenant Friendly, Cost of Living Index, Regional Price Parity, Average Rent, job Growth, Rental Vacancy Rate).

This region is well-suited for MHPs and offers unrestricted land.

One city that stands out in this region is Columbus, Ohio.