We deal with this for clients often. 

I see some lenders out there would just pick the "lowest" rate and the client ends up paying more than 1% of the loan amount at their closing costs. 

I advise my bookkeeping clients the same way.

I see some lenders out there would just pick the "lowest" rate and the client ends up paying more than 1% of the loan amount at their closing costs.Key point is "Lowest" rate does not mean the cheapest rate  I have worked in traditional community banking for over 7 years.

But we know that method is alive and well I had clients doing that in Detroit in the early 2000s..

A two-bedroom condo for house-hacking could be a golden opprotunity to kickstart your portfolio.I’ll share a quick story about a client of mine, Tony.

My name is Miki, and I'm a 23-year-old foreigner looking to make my first real estate investment in Pittsburgh or the surrounding Allegheny County suburbs.

. :) I wanted to go with Chase bank too for the same reasons you did, however, my attorney warned me that he has had multiple clients who had to go through endless hassles to accomplish their goals with them.  

i keep seeing:1. buy out of state rental in a solid neighborhood with long-term potential (just as you are recommending) but then...2. have one rough tenant turn that costs a couple grand, and3. give up on real estate investing, and turn on everyone involved in the transaction for not guaranteeing that sweet cash flow in month 1 I literally just had this conversation with a prospective client when he asked me what a typical outcome looks like.I told him everyone nods and agrees when I drill into them the risks of investing OOS and in Detroit.

No hidden fees.3) Proactive maintenance—Getting ahead of the problem is so important to save time and money for ourselves, the clients, and the residents.