For this instance, I already have a property in mind, I just need to know how to go about seeing if their loan is assumable or not. 

For instance, not long ago I bought a 9 unit apt with two retail on first floor for $200k and at purchase the rents were $6400/mo.

@Boris MordkovichThere are some instances you can purchase a second home in the city you live in or close to it. 

And also not a dig on Brokers  but Brokers can basically offer zero help in most instances if your having issues.. they get paid to close the loan then are out of the picture they have no authority to do workouts or modify terms etc U would be working with the actual lender then.. 

File with an automatic extension.

In some instances lenders may allow exceptions a bit above that with compensating factors. 

For instance, the Poconos have remained a popular option because of its year-round tourism draw, with skiing and lodging in the winter, hiking in the fall, and camping around lakes in the summer.As others have said, going into markets with one draw is risky.

Once you have a shortlist, sign up for an account with each one and test them extensively to see how they function.

In the event that such notice of non-renewal by Owner is received by Broker, Owner shall pay Company the Management Fees, rental commissions, and all other outstanding fees set forth in this Agreement for the length of the tenant lease (including any lease extensions or renewals) or the remainder of the term of this Agreement, whichever is the greater of the two.

I have had to ask for two contract extensions so far using them, and now trying to switch lenders last minute.