That being said, your typical cost of capital is as follows:EquityAgency debtBalance Sheet local lenderDebt FundPrivate DebtPref EquityHard Money DebtBookie/Loan SharkOther things that will impact capital sources: are you wanting to finance the improvements, or will you pay for those from equity/cash flow?  

I think smaller markets say sub 50k population would have a larger impact from one big move from a manufacturing facility or something like a Amazon processing center.

Attend local real estate investor (REI) meetings and get to know people.

Have you looked into local credit unions or alternative financing programs?

Go to your local credit union. 

However, I would encourage you to Network work local real estate clubs in the PA/NJ area to help identify your target market and ideal investment for your first property.

We’re not used to seeing emergency declarations as frequently as they do in Florida.Our borrower is a local rehabber with a property scheduled to be funded today and close tomorrow.

✅ Do research your local market before setting prices.What questions do you have about getting started?

I’ll obviously contact a local attorney but any advice or suggestions would be helpful.  

If you have a local appliance store near the rental, go there and talk to them.