If the lender is licensed in the state you're buying in, then they can do the loan.

Bank loan How did you add value to the deal?

Buy, even if you don't plan on staying in that 1st house in Cleveland permanently you can just use an FHA loan live there for a year and turn it into a rental afterwards.

Bank loan How did you add value to the deal?

Keep the loan local.  

The college has lots of students, and the surrounding areas have some wealth.

These markets often have strong population and job growth and strong rental demand.But the reality is that even in more affordable markets like Columbus, you'll need about $50k-60k household income just to qualify for a conventional investment property loan (this assumes good credit and reasonable debt).

But there's also lots of people out there that are being dishonest and not following through on their promise to their students, which in the end just hurts the investors themselves and other investors that are considering coaching because they assume everyone is the same. 

I was looking to see if anyone had any other creative ways to connect with lenders for these kinds of loans. 

and maybe even some encouragement.The Beginning: A Flooded Start and Big AdjustmentsI started the year by purchasing the property with 5% down, thanks to new Fannie Mae guidance on conventional loans around December 2023.