My guess is that the institutional big banks would have a problem with it, while the smaller local banks and non-bank lenders probably wouldn't care as much. 

And a local resident is usually very helpful.

I would get on the phone with a local lender through a local bank. 

Connecting with local contractors or experienced investors in your area is also very helpful for getting accurate numbers.For ARV you’ll want to look at comps; You can start on Zillow or Realtor.com but I highly suggest connecting with a local agent.

Depreciation begins once the property is rented.It’s essential to consult with a real estate attorney to ensure compliance with local laws and to handle legal complexities.

You could also consider house hacking locally.  

A successful rental property should offer positive cash flow, meaning your rental income should exceed your monthly expenses (mortgage, taxes, insurance, maintenance, etc.).To find the right tenants, ensure the property is priced competitively within the local rental market.

My name is Ashley and I’m looking to provide value as a bird dog by helping investors find off-market deals in areas like Trenton, Hamilton, Hightstown, East Windsor, and Princeton.My goal is to learn, grow, and build lasting relationships with investors in my local market.

1st, I’ve had the Trust package quoted by a local attorney for $1700 in the past.

To build momentum, I’d start small, assemble a reliable local team, and ensure the properties I invest in have strong fundamentals.