But it may not be simple and the wholesale contract may not give you any rights. 

So basically my best options are to keep things simple: rent out the property as a whole in the other state or buy a house in my state and just get some roommates?

It’s designed with investors like you in mind—where rental income speaks for itself, and there's flexibility to match your community-driven goals.Feel free to reach out if you'd like to chat or share ideas.

I want something geared more towards long-term rentals for this side of things, something that makes payments super simple (with a lot of options) for tenants would be great. 

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

Simple math: the lower the loan, the higher percentage of closing.Those $1M loans are usually 1% closing costs, for example.

sub too is a very simple concept and there are just a few items that need to be done to be safe this is not voodoo :)

Is it always that simple?

While it may seem like a simple concept, it's actually a very complex process that requires significant documentation as well as specific methodologies.

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.