there are in my opinion great oppourtunities in the marketplace today ,you may have to move outside your geographic  area,the internet has revolutized the way business is done in all industries,what is a popular way of investing in todays marketplace is virtual investing,complimemts of google and mobile ,using google maps in addition to full pictorial of the interior of the property in addition to a proforma that you can pull up on your mobile for a turkey rental is the way a lot of investors are buying out of town properties as far as 2000 miles away from the subject especialy if the investor is doing any type of owner finacing as his exit stratergy to sell  the property,this can eliminate some of the hassles of property management,when you're getting cash on cash returns of 30% in some areas of the country,by the way these properties are not in war zones ,the decision to invest outside your area is almost a no brainer ,but proceed with caution,you always want to make sure you are dealing with competent professionals,there are areas in the country like indiapolis and Baltimore that have great inventory,baltimore where I operate the properties have a high rent to value index,if you want to go south Birmingham ala is another area,but you always want to do your due diligence as it pertains to demographics,market and neighborhood analysis

Pertaining to your question, I'm American, but I'm now working in Korea.

To my knowledge, the 2 year requirement is stated in the FHLMC guidelines and pertains to your landlording experience (demonstrate that you have Sch.

I'm thinking the OP has little experience so this doesn't really pertain to him and I hope he'll excuse me for hijacking his thread a little, but I have borrowers that have solid experience and I'd like to get them a better rate/terms if possible.  

I have a question that pertains to the Maryland investors.

Patrick, thanks I am in the process of checking the local ordinances pertaining to rentals.

If you haven't yet, go check out the Bigger Pockets podcast and listen to any of those that pertain to starting out.

Currently I am focusing on a place to settle down pertaining to somewhere warm.

I posted a question last week pertaining to a technical aspect of virtual/long-distance wholesaling (how to estimate repair costs from afar), but now I have a question that pertains more to, I guess you could say, the psychological aspect of such wholesaling. 

What kind of information do you have pertaining to their credit scores?