I just talked to two banks and they both said that they don't offer them for investment properties.

McKinney and Princeton have been growing a lot and it is a good place to invest, but it is always related to what you are looking to achieve in a rental investment, appreciation or cash flow.At this time that area does not offer a big cash flow and due to the amount of development going on there, rental demand has declined a bit.In any case you have to make an analysis case by case.

Our laws require us to offer a rental first come first served (first completed application that qualifies must be offered the unit).

OpportunitiesAffordability: Compared to many West Coast markets, Albuquerque properties often come at a more affordable price point, making it possible for investors to get started without a massive initial capital.Rental Demand: Due to the presence of UNM and other educational institutions, there's a consistent demand for rental properties, especially those close to campuses.Cultural Appeal: With its rich Native American and Hispanic heritage, Albuquerque offers cultural festivals, markets, and historical sites.

According to Realtor.com, EMD is typically between 1% and 2% of the total home price and is money you pay as a show of good faith when you make an offer on a house.But, it’s not an added expense.

Quote from @Timothy Rei: The absolute best way to solve this problem would be to offer the teacher $30~$60 to cover the cost of keeping the heater on during days when the room temperature fall below an agreed upon threshold. 

Class C properties are considered the riskiest investment, but they can offer good cash-on-cash returns.

Any landlord that offers this should have their head examined! 

We also used PenFed, and they offer a fast HELOC…not sure how long they are now, but the process was smooth.  

So he bought up several owner financed properties that offered 0% down, and he cash flowed.