Check with your state as well as local laws.

Plus, its worth noting that no Retail Priced property will be at a number where you're going to get the benefits of investing (cash flow and equity)What is working now is looking for single family with accessory units or mother-in-law suites, or duplexes.

It showed the upward trajectory in Ogden to be among the most deviated in the country from historic market data.At the time, I thought this to be an interesting and coincidental statistic because Ogden's upward prices were a function of the entire Utah trend and the laws of conformity. 

If you are paying cash you will just have to navigate each countries laws about foreign owned property etc. 

I would still be a customer today except for the Florida Texting Law.

After 12 months, you've met the occupancy requirement on your deed of trust, and you can convert the property to a rental property after that.There's nothing in the Fannie Mae/Freddie Mac guidelines that says you can't rent out a 2nd home when you're not occupying it, and you could rent it out as a short-term rental or long-term rental when not in use (double check the local laws regarding short-term rentals). 

I realize that, if true,  this is governed by state law rather than federal statutes, and therefore there will be fifty different answers. 

A few things to consider as an out-of-state investor are having a reliable local team or friends who could check in on the property and understanding the local rental laws.

You could also draft your own based on the law, see RCW 59.18.365. 

My sister in law is publishing books for children telling illustrated stories based in Hawaii.