You might want to compare this to leaving the money in the bank, or a CD, where he will be less than 1% interest.

Seek out key players who are doing what you want to do.

Very quickly the major markets & players in those markets will become clear to you as we frequent these pages often.As for the concept of buying out of state remember that It's not really that complicated to buy out of state.

There are some big players in the room and normally each meeting is packed with great information. 

You won't be able to apply before because L&I will ask for CD or HUD or Deed for the property.

I am not a big player by any means.. but in Oregon I did my banks first horizontal loan since 06 they had a moratorium on doing them.. and so i was proud to be their first even at that i had to have 50% cash equity into the deal.. but I did get bank rate 1 and 6.

I am in process of closing on my first MF house and recently received the initial closing disclosure.  I noticed that the lender increased my mortgage insurance (MI) premium to almost double the original amount.  It i...

I noticed that a lot of the bigger players in the market, hedge funds had begun offering 30-year fixed rate debt to investors.

You'll quickly see who the bigger players are in that space & they should probably be able to help you build that portfolio.

My takeaway was that if it seems too easy, the payback is too quick, a person rockstars from nothing to a major player in no time, yeah, you oughtta be suspicious.