I have been saving for a down payment on a rental property.

That being said, it's very difficult to get rents to even cover PITI payments at 80% loan-to-value in Utah these days. 

The city's population growth, strong rental demand, and job opportunities in tech, logistics, and military sectors make it a reliable choice.

Forget about the late fees and payment plan, you'd be lucky to find any judge who would enforce it when the tenant showed they weren't even living there any more and were still doing their best to pay off the balance. 

What is your price range (or down payment range) and are you looking for turn-key properties or something along the lines of a "fixer upper"? 

The price of homes may be lower out of state but the down payment becomes much more plus the cost of having boots on the ground

Similar issues happen with VRBO and Airbnb electronic payments:(

However, understanding their requirements—such as down payment percentages, reserve requirements, and loan-to-value ratios—is key to getting approved.One of the biggest advantages of working with portfolio lenders is their ability to fund deals that traditional banks might pass on.

I understand the 25k guy .. and the seller carry back folks normally those I see that do that will get the amount they paid for the dirt back in the down payment and the note is pure profit.

I mention this as I have seen some people want to sue companies because they were a sponsored affiliate on a website…Regarding the original post- expect 10-12% (I think latest I saw is avg is 11.5%) rate plus atleast one point for a 12 month loan.Bigger companies may take longer for approval and can be more flexible usually in down payment amounts.