I don't know anything about Goodegg, but while you're vetting sponsors, check out Gray Capital, I'm totally unbiased but I hear they are pretty good ;)

I have referred a loan out of state based on NOI, cap rate at purchase, room for increase income and purchase price vs market value.Maybe I didn’t articulate the intent of the post as clearly as I hopedFor anyone who has bought multi family out of state, “what are gives you the warm and fuzzies about a deal”:Obviously not cap rate, but maybe vacancy rate,  Cash on Cash ,GRM, IRR, Unlevered free cash flow, Cities over 250k?

They pay $35 for credit, background, and eviction checks. 

One of the sites I like to check (https://apartmentloanstore.com/seattle/washington/cap-loan-r...) peg this between 5.15% and 5.70% (assuming it's in the suburbs).

Feel free to link up .

@Jeff Landers Kindly check my message.

Having watched many prior co-workers get paid, cash their check at the casino, and promptly deposit it all into a slot machine I can tell you with pretty good certainty that casinos don't have a positive effect on disposable income and good use of the existing income in the area surrounding :)Are there solid local employers OTHER than the casino in a 15-minute drive? 

Also, check to see if you can find lenders with low or no closing costs.Curious—what’s the partnership you’re looking at?

Hey Milena, have you checked for reasonable comps in the area?

If the bank will call their note if you commit to the transfer you can also check out this article as one strategy that has been used to work around the issue.This is not legal advice, just my opinion as a real estate investor.