So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Some lenders will also have seasoning requirements for the loan itself, which may be different than what's required for ownership.

Just keep in mind each persons situation is completely different and small things can make a big difference in rates, fee's points, terms, etc. 

I am new in BP, and I am looking to understand where I start with learning about REI.I currently live in New York which it's not a good place to start investing.i know the difference between STR,MTR,LTR....

Legal Entity Considerations: Should I hold my rental properties in an LLC or trust for liability and tax benefits, or does it not make a difference for me?

I agree with Colin ^ as each department is different. 

So you can bank the difference.

So the idea of doing this all from afar is a bit daunting, however, I know the most important thing here will be to create a great team and outsource as much as possible.I have set my sights on a couple of different markets being in the Southeast and the Midwest; these markets seem to provide the cash flow I am initially interested in generating to value add to the properties I purchase.

The difference between a 12% return and a 16% return compounded over 20 years will make you sick to your stomach. 

Big differences as its like a wholesaler of loans sometimes.