Hi Braeden, my advice would be to shop around for other companies if that is the initial quote you got. 

Quote from @Hunter Hanlon Taylor: I ended up using The Mortgage Shop, LLC! 

Our goal is to purchase multiple properties in good neighborhoods with ARVs up to $250K.We’re eager to connect with experienced agents, reliable contractors, and any other local experts who can offer insights on building a successful portfolio here.

I was hoping to get more questions answered about the loan itself and what I should be doing in the meantime, when I can start shopping for houses, etc. 

They began their company, Magnolia, years ago as a house flipping business and a small gift shop that they still own and sell products out of.

While I’ve recently joined Intero Real Estate in Fremont, I bring a data-driven, analytical approach to real estate, thanks to my engineering and project management background.Over the years, I’ve lived in various parts of the Bay Area and have developed deep knowledge of local neighborhoods, schools, and market trends.

Is there a neighborhood you recommend in that price range 200k for a long term rental ?

Given this is one of the rougher neighborhoods, I'm a bit concerned that the next set of renters might not be as good as this set of renters.

Despite its high purchase price, the neighborhood's strong market demand and low renovation needs made it a promising investment for maximizing profit with minimal turnaround time.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.