Investment Info:Single-family residence buy & hold investment.

To determine price range, the first step is always figuring our how much you are pre-approved for; and that can vary significantly when you are looking at multi-unit properties because of the additional variable of rental income that can be included in qualifying.

I'll be keeping your info as I'm about to be a North Carolina resident and property investor.

I’m not a first time home buyer but wife would qualify, I want to put down less than 10%. 

If you're using traditional financing on your primary residence, they're going to do another credit check on you just before closing.

Phoenix contains a rare combination of elements that have created an outstanding market for distressed property investments, including the following:Cost Savings: Distressed properties are sold below their market value and enable investors to take hold of properties at a trifle compared to traditionally listed properties.Strong Market Fundamentals: Being among the fastest-growing cities in the country, Phoenix ensures a high demand in housing and rentals, hence good potential for resale or income from rentals.Value Creation Opportunities: Most distressed properties need renovations; thus, such situations present opportunities for investors to increase equity by adding value.Population and Economic Growth: Phoenix remains among those cities in the country which are attracting more and more residents and business; therefore, this presents good, long-term appreciation possibilities of property appreciation and income creation.Challenges to ConsiderWhile the rewards can be great, distressed property investment is not without its challenges.

However, required downpayments were typically 40-50%, and would be difficult without a residency visa.

I currently reside in Ohio where I buy SFR rentals and do a couple flips a year.

We’ve only foreclosed on a few properties, all without issue, so I’m uncertain what qualifies as 'airtight,' Jonathan.

Whoever qualifies for that probably won't need them.Yes many GPs have experienced hardship but you can see those who really care about what they are doing and those who don't.