After funding 2,000+ loans across the country I know most lenders will have issues with these 2 things.

If you aren't going to be living in CR full time as you try to execute the deal I do not think it is physically possible for you to obtain a loan from Scotia Bank and not worth your time to try because the rates are so high. 

Account Closed said, income and assets are the only "hassle" with a conventional loan.

@Roman StefaniwWhen retirement accounts in the US get financing, the loans are called "non-recourse."

If you are using a loan, well there is simply no inventory in Cleveland.

I have a bank locally that will use DOT as collateral for loans.

Could have held until this winter and gotten his occupancy up to around 80% and would have added another $500k to the value.Downpayment $310kAll in cost plus loan: $1.3mmSold for $2.4mm; with 250k seller financing for 5 years. 

I've been an excellent student of calculating repair costs and ARV.

Sounds like you are getting hit with a lender who has overlays and possibly miscommunication between the loan officer/processor to the underwriter.

I plan to apply for an FHA loan for my first investment if I were to find a deal, but if I can't something that works for buy and hold.