I currently have a pre-tax retirement account with employer match and a Roth IRA invested in the stock market.

You will also need to have a US Bank account.  

For water and sewer for a duplex I am around $70 a unit. 

I haven’t reached out to any lenders yet but have a short list of them compiled.

You have material information that effects the desirability and value of the property.

.: Quote from @Jose Alonsoo: Good after noon real state family.I have an opportunity to but a sub to property right now.

Things just require more ongoing expenses percentage wise out of state because you have to pay people to do everything for you and you will have a longer time building relationships with vendors even when getting decent referrals. 

What product type are you implementing for a 200/Ac density? 

Other than that, the NMLS specifies no restrictions on the matter. not sure its NMLS who actually regulates it NMLS is just licensing registration I think its still the states that regulate..thats why you need  a MLO in a certain state then register with NMLS if you have a MLO..

@Grant ShipmanIn my experience with these units are very difficult to manage and people at the 30% level also create a new set of problems.