New Mexico has an unfortunate law against prepayment penalties for DSCR Loans on 2-4 unit multi that requires higher rates, but they don't apply to 5+ and I've seen some people have success with that size range in NM

We don't currently own anything there and don't plan on doing so in the foreseeable future.The positive is that the landlord tenant laws are much more landlord friendly.

Canadian tax laws double tax on LLCs.

However, I have found that in Seattle, most investors stay away due to the stringent renting laws and the high cost of real estate.

I know the landlord tenant law situation in Minneapolis is not great, but I don't think you have enough of an economic delta to make it worth while to go OOS.

Sure terms matter, but I would imagine if you took a poll of bankable borrowers and asked why they work with particular alternative lenders they will all say the lender is knowledgeable which leads to practical underwriting and practical loan administration.

I need to practice patience as I'm at the point where I'm just about out of funds for downpayments and saving up enough for 25% down doesn't go as fast as I'd like.

I am also becoming an agent soon and it is an illegal practice of law to draft a lease agreement as an agent and one could loose their license.

Knowing zoning laws, property taxes, and landlord-tenant laws will help you navigate potential pitfalls.To expand your knowledge, engage with real estate investing websites and forums such as Bigger Pockets.

I would avoid Holly Hill, Daytona's ghetto, like the plague because the oldest profession seems to be a major profession there if you know what I mean.The Daytona area is a bit or of my way, and my brother-in-law had frequently complained about finding a nice property that turns out to be in Holly Hill.Nearby Ormond Beach and Port Orange seem like nice communities in comparison.