Some of it can be temporary, but ideally you'll want to be in markets where it can be sustained (ie. have barriers to entry). 

What type of real estate investing interests you?

Most lending is based on cashflow, not the 2% rule (although still a good rule of thumb for some types of investments), might have the most help from the group if you provided some of those details here just so it'd be easier for us to help you best. 

Make sure the lender you choose has a strong background in this type of lending...check them out on Linked In to see their experience level.

I haven't personally done this type of rental strategy myself; however am curious to hear more about your experience.

Would love to hear any experiences with this type of strategy

Do you want an investment that you can use yourself such as a short-term rental in an area you like to vacation in, or does it matter which type of asset it is?

Purchase price: $55,000 Cash invested: $25,000 Sale price: $119,000 Bought at around $50kFixed up at around $20kSold at $120k What made you interested in investing in this type of deal?

What should I expect from a this type of program?

These are the primary factors that will guide your choice of market and the type of deals you'll pursue out of state.Investing out of state can be tricky.