I would also find a good GC to bring with you to verify rehab and dial that in. 

**Purchase Agreement**: This is the initial contract between you and the seller.

Initial Amortization Schedule: 12 years (144 months)6.

The lender does charge the flipper 4 points upfront, and the note represents 55% of the property’s ARV, so I’m not too worried about needing to foreclose if it comes to that.The lender uses his own capital for initial funding and then sells off the notes after that.

Inspect immediately to verify.

Verifying last 2 years of rental history very important!

I'll be looking for long term rentals that don't need any major repairs initially. 

Could any of you guide me on what I should do initially to secure financing?

Also, always verify employment and prior rental history—don’t just take their word for it.

We were initially looking out of state for a potential move and or investment property just because the property taxes without being able to homestead, plus high cost of insurance, and harsh weather on homes made me feel like it might not be worth it.