The only reasonable explanation I can find is they are supplementing with J.O.B. income, or perhaps living off the excess borrowed funds..Some part of their story is missing.

They have no idea what the condition of the house looks like on the inside, they can't account for geographical issues like a river view or living next to a garbage dump.It appears you're looking to buy a property without an agent.

Personally, I would be hesitant to purchase my first property 1000 miles from where I live, because in addition to the real estate challenges , you will also have geographical challenges.

If anyone has insight into a first buyandhold that wasn’t geographically close to them, I’d love to hear.Thank you all for reading.

@Nancy Carr I agree with the poster above, in the past, my PM would just invoice me with not much explanations.

BP actually has a section that enabled you to seek out hard money lenders based on your geographic location.

Their immigration lawyer has provided explanation letter that they will be able to stay 3+ years from now.Found guidelines in HUD Archive: https://archives.hud.gov/offices/hsg/sfh/ref/sfhp2...Unfortunately we cannot find a lender who is willing to follow them!

Atchison tends to be a bit further out geographically for our appetite, but we monitor it from a higher level for low cap investment indicators in case needed.   

In the Property Disclosure -> Covenants, Fees and Assesment section, the seller marked YES to Q:Is the property subject to a recorded Declaration of Covenants, Conditions and Restrictions (CC & R"s) or other similar restrictions.No explanation notes were provided.

Think car sales.While a little off topic and a bit abstract, that was a fun explanation for me to write so there it is.