I am currently looking at properties in the Midwest if I choose the apartment building because from what I understand that is the best cash flowing region currently.

There is of course regionalism to mortgage rates, and your personal situation plays a large role in it...but the difference in the jumbo loan rate and the conforming rate is only 1/8th of a point difference in my area right now.  

I am almost certain my offer will be declined but since the house has been on the market for over 90 days in a region that most houses sell in less than a month I took a shot at a low ball offer.

Our LLC account is in a smaller regional bank.  

I cover the coastal NC region from Morehead City to Wilmington, NC. 

He was investing in a little town called Covilhã, and told me all about the region.

.- Stated income HELOCs are starting to come back, local to me, regional banks only.- There are also portfolio loans that'll just use appraised market rents to document income, no tax returns needed.- A commercial loan might be an option.- And, last but not least, there are of course hard money loans.

Another idea, if you want to be sure you have legally licensed contractors, might be to mine your states Contractor License Board for license holders within a region around your projects.  

When I go to Lowes I know everyone there and they know me, the in-store commercial guys will call me when there is clearance/closeout stuff they think I might like, and due to my volume purchases I have a good relationship with the regional sales rep who stops by my office for periodic visits and is a great go-to when I'm not getting the answers I want at the store. 

Modular construction is more common in rural regions.