Doesn't matter if it's an investor or a traditional buyer needing to get a loan that was brought by a realtor. 

In my experience, traditional banks tend to have pathetic mortgage lending competence because they haven't invested or cared about this vertical in over a decade. 

Traditional financing currently in my 3rd year into the hack and looking for another.

I am a investor and a contractor in the Indianapolis area if you have propertys there I can get your propertys section 8 rent ready And If you get me as a contractor you bypass the 20 percent mark up that property management companies do when they do the property maintenance .

Would it be a mistake to not take advantage of the low money down loans for a first time home buyers primary residence, and instead attempt to invest out of state in a traditional investment property?

And harder to work through those details with traditional lenders. 

I came from a traditional real estate background and got involved in land flipping years ago.

Traditional roof.

Non-QM loans are financing products that are outside of Fannie Mae/Freddie Mac and are non-traditional and because of that, they will typically have higher interest rates/points.

Hi Hugo, midterm rental can provide you much more cash flow than traditional long-term rentals.