For a fix-and-flip scenario your max loan amount would be based off your experience and can go as high as a % or purchase although it is more common to get 90% as the loan size is typically restricted by the percentage of the ARV for that program.

The only thing I can think of that may be harder to deal with if I am not local is routine maintenance issues, but I was thinking I can just ask around for some handy man referrals to have at the ready in case those smaller issues arise, while I would instruct our future tenants to contact our service provider for any emergency issues. 

This question is asked a lot and there's a ton of value by just reading those previous conversations.In short, there are pros and cons to the program.

Explore loan programs with lenient requirements and consult a mortgage broker for guidance.Good luck!

Purchase price: $645,000 Cash invested: $32,250 New to the rental program, this charming 1 bedroom villa is an ideal beach getaway.

I made so many mistakes that I decided to join a program to learn how to underwrite, due diligence, takeover, etc.I was lucky to find a great partner and we used seller carry back on our first deal.

If you buy condos within a new program, the developer may be able to finance though. 

Doesn't David Greene have a Mortgage Brokerage, Real Estate Brokerage, Spartan "Mastermind Program" and books to sell? 

Just that some contracts and “escrow instructions” being circulated by certain gurus provide for it.IMO that fix may come too late… the DOS cat is already out of the bag.

However, there are some surplus lines carriers who write master policy programs for residential real estate portfolios who don't inspect homes in person at all, but just do a desktop inspection while underwriting.